Canada’s national median home listing price this month is $290,900, which means that Amherst Island is in the top 20% for Canada.
The median house price listed in Amherst Island this month is $422,450.
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.
Across Ontario Amherst Island has the 784th most properties on offer with 1145.
Is Amherst Island a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
As one of Ontario’s many potential real estate investment neighbourhoods, Amherst Island 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 Amherst Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.