The median asking price in Coronation is $129,900, quite a drop from the median three months ago which was $120,000 .
In Aug the median listed house price of $129,900 in Coronation was relatively low compared to the rest of Alberta.
Is Coronation a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Coronation there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Will prices rise across the next year in in Coronation? There are a number of real estate indicators to consider.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Coronation have stayed pretty much the same which would tend to indicate that demand is steady.