When our research team crunched the numbers we calculated that Chichester has a median home price of $294,450.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Chichester has not many at all compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Chichester for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Chichester there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Chichester a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Chichester, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.