Canada’s national median home listing price this month is $290,900, which means that North River is close to average for Canada.
While the median for Newfoundland and Labrador is $209,000 , which means that North River’s median price is $224,900 better than average than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then North River has more than the average number to choose from compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not North River is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in North River there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Is North River a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 North River have stayed pretty much the same which would tend to indicate that demand is steady.