With Delia’s median house price at $119,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Alberta.
There are 339 neighbourhoods that have more properties on sale than Delia at the moment in Alberta which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of Alberta’s many potential real estate investment neighbourhoods, Delia 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 Delia, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
Will prices rise across the next year in in Delia? There are a number of real estate indicators to consider.
Over the last three months in Delia, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.