Across the country as a whole, Salmonier is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Salmonier’s median house price at $144,900 in Jul , it is below average compared to the rest of Newfoundland and Labrador.
The number of homes for sale this month in the neighbourhood has increased substantially at 195 in Jul .
Is Salmonier a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Salmonier, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Salmonier for investors, it’s important to look at data like:
If you are looking at investment properties in Salmonier, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.