The median asking price in Crediton is $264,500, an improvement on the median three months ago which was $219,900 .
In Aug the median listed house price of $264,500 in Crediton was a below average compared to the rest of Ontario.
Ontario has the most amount of properties available to property investors, with Crediton having 861th most in the province, out of a total of 1145.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Crediton will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Crediton there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well Crediton is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.