103 Mile, British Columbia has a median house price of $188,750 when compiling all the home listings in Aug .
103 Mile’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
Can we guarantee how well 103 Mile is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Over the last three months in 103 Mile, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
As one of British Columbia’s many potential real estate investment neighbourhoods, 103 Mile 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in 103 Mile there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.