The median asking price in Groves Point is $149,000, less than the median three months ago which was $189,500 .
The $149,000 price tag on the median Groves Point home means that it is below the national norm.
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.
When we look at the data we have, it can help with trying to establish whether or not Groves Point is a good investment target.
Over the last three months in Groves Point, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
It’s never an exact art, but to try to forecast how property is going to appreciate in Groves Point for investors, it’s important to look at data like:
If you are looking at investment properties in Groves Point, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.