The median asking price in Cayley is $215,000, pretty close to the median three months ago which was $169,900 .
With Cayley’s median house price at $215,000 in Aug , it is below average compared to the rest of Alberta.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Cayley has fewer than average compared to the rest of the province
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Cayley will hopefully provide an indicator to help you where to research in-depth
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 Cayley, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.
When we look at the data we have, it can help with trying to establish whether or not Cayley is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.