Across the country as a whole, Summerford is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Newfoundland and Labrador is $189,750 , which means that Summerford’s median price is $157,200 below average than the rest of the province.
If you’re looking at investment properties in Summerford, then you’re most likely to find homes with 4 bedrooms on sale this month.
This month we track 148th neighbourhoods in Newfoundland and Labrador, and Summerford has the 148th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Summerford is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Summerford there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Summerford 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.