Want a cheaply priced house? Then at $175,900 this month, Springdale, Newfoundland and Labrador is a possibility for you price wise.
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.
According to our stats, Springdale is the neighbourhood that has the 46th most properties available to real estate investors in Newfoundland and Labrador.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Springdale 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 Springdale there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When we look at the data we have, it can help with trying to establish whether or not Springdale 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 Springdale have stayed pretty much the same which would tend to indicate that demand is steady.