Across the nation CREW lists data for 5162 neighbourhoods, and this month Alberton is number 4794 putting it behind most of Canada .
While the median for Prince Edward Island is $179,600 , which means that Alberton’s median price is $92,500 a lot lower than the rest of the province.
Investors looking for properties in Alberton are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
From our data, it appears that neighbourhood is number 1893th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
When we look at the data we have, it can help with trying to establish whether or not Alberton is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Alberton, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 12, this month we show 11.
Across the country as a whole, Alberton is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Alberton has a median home price of $110,000.
According to our stats, Alberton is the neighbourhood that has the 4th most properties available to real estate investors in Prince Edward Island.
Can we guarantee how well Alberton 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Alberton there is more stock than three months ago. This would indicate pressure on prices easing.