It’s never an exact art, but to try to forecast how property is going to appreciate in Cochrane for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
The median asking price in Cochrane is $225,000, pretty close to the median three months ago which was $225,000 .
While the median for Alberta is $259,000 , which means that Cochrane’s median price is $225,000 better than average than the rest of the province.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Cochrane has a pretty average amount compared to the rest of the province
Alberta 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.
In Cochrane, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.