The median asking price in Garden Bay is $859,000, a substantial increase over the median three months ago which was $629,000 .
The $859,000 price tag on the median Garden Bay home means that it is quite highly priced by Canadian standards.
If you’re looking at investment properties in Garden Bay, then you’re most likely to find homes with 3 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 1715th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
When we look at the data we have, it can help with trying to establish whether or not Garden Bay is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Garden Bay there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Can we guarantee how well Garden Bay 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.