In Aug the median listed house price of $391,200 in Duncan was a below average compared to the rest of British Columbia.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
There are 359 neighbourhoods that have more properties on sale than Duncan at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Duncan 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.
While the median for British Columbia is $349,000 , which means that Duncan’s median price is $284,500 better than average than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Duncan has more than the average number to choose from compared to the rest of the province
Can we guarantee how well Duncan 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.
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 Duncan have dried up which would tend to indicate that demand is higher than the supply of new properties.