The median asking price in Colchester is $197,900, pretty close to the median three months ago which was $197,450 .
While the median for Ontario is $319,900 , which means that Colchester’s median price is $197,900 below average than the rest of the province.
Investors looking for properties in Colchester are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
This month we track 432th neighbourhoods in Ontario, and Colchester has the 432th most choice available for real estate investors.
As one of Ontario’s many potential real estate investment neighbourhoods, Colchester 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.
In Colchester, 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.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Colchester for investors, it’s important to look at data like:
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.