Canada’s national median home listing price this month is $322,000, which means that Elko is in the top 20% for Canada.
When our research team crunched the numbers we calculated that Elko has a median home price of $949,500.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Apr this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 3618th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
British Columbia 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.
If you are looking at investment properties in Elko, 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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Elko for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.