Godfrey was Canada’s 2246th most expensive suburb by listed median house price this month.
With Godfrey’s median house price at $239,450 in Aug , it is below average compared to the rest of Ontario.
Is Godfrey a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Godfrey, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
As one of Ontario’s many potential real estate investment neighbourhoods, Godfrey 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.
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.