The median asking price in Sunnyside is $162,250, less than the median three months ago which was $181,950 .
In Aug the median listed house price of $162,250 in Sunnyside was a below 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.
Across Newfoundland and Labrador Sunnyside has the 65th most properties on offer with 197.
Is Sunnyside a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Sunnyside, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 6, this month we show 6.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Will prices rise across the next year in in Sunnyside? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.