The median house price listed in Hallowell this month is $574,000.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Hallowell has a pretty average amount compared to the rest of the province
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Hallowell, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 36, this month we show 10.
Can we guarantee how well Hallowell is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.