With a median listing price of $209,900, Echo Bay is Canada’s 2711th most expensive when ordered by median listing price.
In Aug the median listed house price of $209,900 in Echo Bay was relatively low compared to the rest of Ontario.
Across Ontario Echo Bay has the 248th most properties on offer with 1145.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Echo Bay will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Canada’s national median home listing price this month is $244,900, which means that Echo Bay is close to average for Canada.
Echo Bay, Ontario has a median house price of $229,900 when compiling all the home listings in Aug .
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Ontario has the second most amount of properties available to property investors, with Echo Bay having 149th most in the province, out of a total of 196.
As one of Ontario’s many potential real estate investment neighbourhoods, Echo Bay 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.
If you are looking at investment properties in Echo Bay, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.