Emerald was Canada’s 4092th most expensive suburb by listed median house price this month.
While the median for Prince Edward Island is $179,600 , which means that Emerald’s median price is $141,950 a lot lower than the rest of the province.
Investors looking for properties in Emerald are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
There are 218 neighbourhoods that have more properties on sale than Emerald at the moment in Prince Edward Island which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Is Emerald a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Emerald, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
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.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Emerald needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
In Emerald, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.