With Upper Island Cove’s median house price at $143,000 in Aug , it is 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.
When we look at the data we have, it can help with trying to establish whether or not Upper Island Cove is a good investment target.
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 Upper Island Cove, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 20, this month we show 15.
Newfoundland and Labrador has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
In Upper Island Cove, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.