With a median listing price of $199,950, West Bay is Canada’s 2647th most expensive when ordered by median listing price.
With West Bay’s median house price at $199,950 in Sep , it is about average compared to the rest of Newfoundland and Labrador.
West Bay’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are 203 neighbourhoods that have more properties on sale than West Bay at the moment in Newfoundland and Labrador which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, West Bay 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.
In West Bay, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for West Bay will hopefully provide an indicator to help you where to research in-depth
Over the last three months in West Bay, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.