In Aug the median listed house price of $89,900 in Drake was relatively low compared to the rest of Saskatchewan.
Is Drake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Drake, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 3.
Saskatchewan has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Drake have stayed pretty much the same which would tend to indicate that demand is steady.