Across the nation CREW lists data for 5162 neighbourhoods, and this month Blackfalds is number 975 putting it ahead of most neighbourhoods .
In Aug the median listed house price of $359,900 in Blackfalds was an above average compared to the rest of Alberta.
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.
From our data, it appears that neighbourhood is number 191th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
As one of Alberta’s many potential real estate investment neighbourhoods, Blackfalds 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.
If you are looking at investment properties in Blackfalds, 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.
The median asking price in Blackfalds is $247,450, an improvement on the median three months ago which was $258,900 .
With Blackfalds’s median house price at $247,450 in Aug , it is about average compared to the rest of Alberta.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
Alberta has the fourth most amount of properties available to property investors, with Blackfalds having 32th most in the province, out of a total of 99.
It’s never an exact art, but to try to forecast how property is going to appreciate in Blackfalds for investors, it’s important to look at data like:
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 Blackfalds, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 11, this month we show 10.