With a median listing price of $48,500, Elmira is Canada’s 5137th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Elmira has a median home price of $48,500.
Prince Edward Island has the fourth least amount of properties available to property investors, with Elmira having 140th most in the province, out of a total of 218.
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.
Over the last three months in Elmira, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Elmira will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Elmira there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.