When looking across the province, Enchant is the 288th most expensive in Alberta.
Enchant, Alberta has a median house price of $145,000 when compiling all the home listings in Aug .
Across Alberta Enchant has the 257th most properties on offer with 339.
Is Enchant 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 Enchant, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 2, this month we show 3.
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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Enchant will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Enchant, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.