With a median listing price of $114,900, Port Union is Canada’s 4514th most expensive when ordered by median listing price.
With Port Union’s median house price at $114,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Newfoundland and Labrador.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 197 neighbourhoods that have more properties on sale than Port Union at the moment in Newfoundland and Labrador which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Port Union for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Is Port Union a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Port Union, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.