Across the nation CREW lists data for 5162 neighbourhoods, and this month Bancroft is number 2573 putting it in the top half of the country .
When our research team crunched the numbers we calculated that Bancroft has a median home price of $219,000.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 501th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
Can we guarantee how well Bancroft 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.
If you are looking at investment properties in Bancroft, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Bancroft was Canada’s 108th most expensive suburb by listed median house price this month.
Want a cheaply priced house? Then at $362,400 this month, Bancroft, Ontario is definitely not for you price wise.
Bancroft’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 4 bedrooms.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Over the last three months in Bancroft, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.