In Aug the median listed house price of $247,450 in South River was an above average compared to the rest of Newfoundland and Labrador.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Newfoundland and Labrador has the second least amount of properties available to property investors, with South River having 49th most in the province, out of a total of 197.
Can we guarantee how well South River 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 South River, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
It’s never an exact art, but to try to forecast how property is going to appreciate in South River for investors, it’s important to look at data like:
If you are looking at investment properties in South River, 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.