Genelle was Canada’s 1591th most expensive suburb by listed median house price this month.
While the median for British Columbia is $519,000 , which means that Genelle’s median price is $289,000 better than average than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Genelle has fewer than average compared to the rest of the province
Is Genelle 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 Genelle, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 6, this month we show 9.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
As one of British Columbia’s many potential real estate investment neighbourhoods, Genelle 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 stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.