Across the nation CREW lists data for 4643 neighbourhoods, and this month Derby is number 927 putting it ahead of most neighbourhoods .
Derby, Ontario has a median house price of $349,900 when compiling all the home listings in Oct .
Ontario has the most amount of properties available to property investors, with Derby having 938th most in the province, out of a total of 1248.
It’s never an exact art, but to try to forecast how property is going to appreciate in Derby for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Is Derby 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 Derby there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.