When looking across the province, Paradise is the 20th most expensive in Newfoundland and Labrador.
The median house price listed in Paradise this month is $349,900.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Across Newfoundland and Labrador Paradise has the 2nd most properties on offer with 197.
Newfoundland and Labrador has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
If you are looking at investment properties in Paradise, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
In Aug the median listed house price of $299,900 in Paradise was a below average compared to the rest of Newfoundland and Labrador.
Paradise’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
This month we track 2nd neighbourhoods in Newfoundland and Labrador, and Paradise has the 2nd most choice available for real estate investors.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Paradise needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Paradise have increased which would tend to indicate that demand is not as high as supply.