The median asking price in Elmira is $360,000, a substantial increase over the median three months ago which was $321,900 .
Elmira, Ontario has a median house price of $360,000 when compiling all the home listings in Aug .
According to our stats, Elmira is the neighbourhood that has the 392th most properties available to real estate investors in Ontario.
Is Elmira a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Elmira, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 11, this month we show 17.
Can we guarantee how well Elmira 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.