When looking across the province, Whitbourne is the 45th most expensive in Newfoundland and Labrador.
In Aug the median listed house price of $274,450 in Whitbourne was an impressive compared to the rest of Newfoundland and Labrador.
There are 197 neighbourhoods that have more properties on sale than Whitbourne at the moment in Newfoundland and Labrador which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Can we guarantee how well Whitbourne is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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 Whitbourne have increased which would tend to indicate that demand is not as high as supply.
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, Whitbourne 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.
If you are looking at investment properties in Whitbourne, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.