With a median listing price of $249,900, Edgewater is Canada’s 2058th most expensive when ordered by median listing price.
The $249,900 price tag on the median Edgewater home means that it is above the cost of most houses in the country.
Will prices rise across the next year in in Edgewater? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Edgewater there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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.
Is Edgewater a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Edgewater have stayed pretty much the same which would tend to indicate that demand is steady.