When looking across the province, Salmon Cove is the 151th most expensive in Newfoundland and Labrador.
The median house price listed in Salmon Cove this month is $139,450.
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.
Across Newfoundland and Labrador Salmon Cove has the 65th most properties on offer with 197.
Can we guarantee how well Salmon Cove is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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 Salmon Cove have dried up which would tend to indicate that demand is higher than the supply of new properties.
It’s never an exact art, but to try to forecast how property is going to appreciate in Salmon Cove for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Salmon Cove there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.