Canada’s national median home listing price this month is $290,900, which means that Cherryville is in the top 20% for Canada.
The $374,900 price tag on the median Cherryville home means that it is quite highly priced by Canadian standards.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Across British Columbia Cherryville has the 199th most properties on offer with 359.
British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
When we look at the data we have, it can help with trying to establish whether or not Cherryville 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 Cherryville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.