When looking across the province, Bowden is the 161th most expensive in Alberta.
When our research team crunched the numbers we calculated that Bowden has a median home price of $269,900.
There are 339 neighbourhoods that have more properties on sale than Bowden at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Bowden is a good investment target.
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 Bowden have increased which would tend to indicate that demand is not as high as supply.
Canada’s national median home listing price this month is $244,900, which means that Bowden is in the bottom 40% for Canada.
With Bowden’s median house price at $174,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Alberta.
As one of Alberta’s many potential real estate investment neighbourhoods, Bowden 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.
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 Bowden, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 2.