Canada’s national median home listing price this month is $314,900, which means that Champney's Arm is in the bottom 40% for Canada.
With Champney's Arm’s median house price at $184,500 in Oct , it is about average compared to the rest of Newfoundland and Labrador.
From our data, it appears that neighbourhood is number 3922th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
When we look at the data we have, it can help with trying to establish whether or not Champney's Arm is a good investment target.
In Champney's Arm, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Champney's Arm 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 stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.