The median asking price in Botwood is $129,900, quite a drop from the median three months ago which was $156,950 .
When our research team crunched the numbers we calculated that Botwood has a median home price of $129,900.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Botwood having 25th most in the province, out of a total of 197.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Botwood 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.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
It’s never an exact art, but to try to forecast how property is going to appreciate in Botwood for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Botwood there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.