Canada’s national median home listing price this month is $290,900, which means that Albemarle is close to average for Canada.
When our research team crunched the numbers we calculated that Albemarle has a median home price of $234,000.
There are 1145 neighbourhoods that have more properties on sale than Albemarle at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Albemarle is a good investment target.
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 Albemarle have dried up which would tend to indicate that demand is higher than the supply of new properties.
It’s never an exact art, but to try to forecast how property is going to appreciate in Albemarle for investors, it’s important to look at data like:
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.