Across the country as a whole, Fruitvale is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $309,700 price tag on the median Fruitvale home means that it is above the cost of most houses in the country.
This month we track 118th neighbourhoods in British Columbia, and Fruitvale has the 118th most choice available for real estate investors.
As one of British Columbia’s many potential real estate investment neighbourhoods, Fruitvale 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.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Fruitvale was Canada’s 386th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Fruitvale has a median home price of $240,950.
There are 124 neighbourhoods that have more properties on sale than Fruitvale at the moment in British Columbia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well Fruitvale 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.
In Fruitvale, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.