Blenheim was Canada’s 3790th most expensive suburb by listed median house price this month.
The $154,900 price tag on the median Blenheim home means that it is below the national norm.
Blenheim’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Across Ontario Blenheim has the 221th most properties on offer with 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Blenheim 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 Blenheim, 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.
When our research team crunched the numbers we calculated that Blenheim has a median home price of $140,950.
There are 196 neighbourhoods that have more properties on sale than Blenheim at the moment in Ontario which puts the neighbourhood middle range when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Blenheim will hopefully provide an indicator to help you where to research in-depth
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 Blenheim have stayed pretty much the same which would tend to indicate that demand is steady.