The median asking price in Bloomfield is $424,000, a substantial increase over the median three months ago which was $419,000 .
While the median for Ontario is $349,900 , which means that Bloomfield’s median price is $424,000 considerably better than the rest of the province.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Bloomfield has a pretty average amount compared to the rest of the province
Is Bloomfield 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 increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
When we look at the data we have, it can help with trying to establish whether or not Bloomfield is a good investment target.
In Bloomfield, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.