Last month, Glenmore was Canada’s 101th priciest – this month at number 101 it’s dropped -23 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.
When our research team crunched the numbers we calculated that Glenmore has a median home price of $756,950.
Glenmore’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 5 bedrooms.
Across British Columbia Glenmore has the 320th most properties on offer with 345.
Is Glenmore 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 Glenmore, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Glenmore will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Glenmore, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.