In Aug the median listed house price of $369,000 in Fanny Bay was a below average compared to the rest of British Columbia.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Fanny Bay has fewer than average compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Fanny Bay for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Fanny Bay there is more stock than three months ago. This would indicate pressure on prices easing.
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 British Columbia’s many potential real estate investment neighbourhoods, Fanny Bay 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.