Across the nation CREW lists data for 5162 neighbourhoods, and this month Elginburg is number 549 putting it ahead of most neighbourhoods .
With Elginburg’s median house price at $449,900 in Aug , it is above average compared to the rest of Ontario.
Ontario has the most amount of properties available to property investors, with Elginburg having 861th most in the province, out of a total of 1145.
Can we guarantee how well Elginburg 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.
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 Elginburg, 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.
Is Elginburg a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.