In Aug the median listed house price of $405,000 in Bridge Lake was an above average compared to the rest of British Columbia.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
From our data, it appears that neighbourhood is number 580th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
Will prices rise across the next year in in Bridge Lake? There are a number of real estate indicators to consider.
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 Bridge Lake, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 49, this month we show 53.
When we look at the data we have, it can help with trying to establish whether or not Bridge Lake is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bridge Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.