When looking across the province, Southern Harbour is the 152th most expensive in Newfoundland and Labrador.
In Aug the median listed house price of $139,000 in Southern Harbour was relatively low compared to the rest of Newfoundland and Labrador.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
It’s never an exact art, but to try to forecast how property is going to appreciate in Southern Harbour for investors, it’s important to look at data like:
Over the last three months in Southern Harbour, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Southern Harbour needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Southern Harbour there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.