Canada’s national median home listing price this month is $310,000, which means that Sop's Arm is in the cheapest 20% for Canada.
In Mar the median listed house price of $52,400 in Sop's Arm was relatively low compared to the rest of Newfoundland and Labrador.
If you’re looking at investment properties in Sop's Arm, then you’re most likely to find homes with 3 bedrooms on sale this month.
According to our stats, Sop's Arm is the neighbourhood that has the 110th most properties available to real estate investors in Newfoundland and Labrador.
Can we guarantee how well Sop's Arm 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.
Over the last three months in Sop's Arm, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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.
When we look at the data we have, it can help with trying to establish whether or not Sop's Arm is a good investment target.
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 Sop's Arm have stayed pretty much the same which would tend to indicate that demand is steady.