Harrowsmith was Canada’s 1031th most expensive suburb by listed median house price this month.
With Harrowsmith’s median house price at $349,900 in Aug , it is above average compared to the rest of Ontario.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Is Harrowsmith a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Harrowsmith, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 7.
Can we guarantee how well Harrowsmith 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.
If you are looking at investment properties in Harrowsmith, 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.