Charlton was Canada’s 3477th most expensive suburb by listed median house price this month.
The median house price listed in Charlton this month is $170,000.
When we look at the data we have, it can help with trying to establish whether or not Charlton is a good investment target.
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 Charlton, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 7.
As one of Ontario’s many potential real estate investment neighbourhoods, Charlton 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.
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.