The median house price listed in Fergus this month is $429,900.
This month we track 293th neighbourhoods in Ontario, and Fergus has the 293th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Fergus will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Fergus is number 292 putting it in the top half of the country .
When our research team crunched the numbers we calculated that Fergus has a median home price of $274,900.
There are 196 neighbourhoods that have more properties on sale than Fergus at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Fergus is a good investment target.
Over the last three months in Fergus, housing stock available seems to be falling – this could mean that homes values might increase faster.