Across the country as a whole, Gray Creek is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for British Columbia is $519,000 , which means that Gray Creek’s median price is $799,000 considerably better than the rest of the province.
There are 359 neighbourhoods that have more properties on sale than Gray Creek at the moment in British Columbia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is Gray Creek a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Gray Creek have stayed pretty much the same which would tend to indicate that demand is steady.
When we look at the data we have, it can help with trying to establish whether or not Gray Creek 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 Gray Creek there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.