Across the country as a whole, Glenwood is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $59,900 in Glenwood was relatively low compared to the rest of Prince Edward Island.
Glenwood’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Glenwood has a pretty average amount compared to the rest of the province
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Glenwood 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.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Glenwood for investors, it’s important to look at data like:
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.