While the median for Alberta is $375,000 , which means that Grassy Lake’s median price is $124,000 a lot lower than the rest of the province.
If you’re looking at investment properties in Grassy Lake, then you’re most likely to find homes with 3 bedrooms on sale this month.
This month we track 257th neighbourhoods in Alberta, and Grassy Lake has the 257th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Grassy Lake 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 Grassy Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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 Grassy Lake 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.