With a median listing price of $169,900, Makinsons is Canada’s 3482th most expensive when ordered by median listing price.
The $169,900 price tag on the median Makinsons home means that it is below the national norm.
Makinsons’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are 197 neighbourhoods that have more properties on sale than Makinsons at the moment in Newfoundland and Labrador which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Makinsons 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.
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 Makinsons have stayed pretty much the same which would tend to indicate that demand is steady.
When we look at the data we have, it can help with trying to establish whether or not Makinsons is a good investment target.
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.