When our research team crunched the numbers we calculated that King has a median home price of $672,450.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then King has more than the average number to choose from compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in King for investors, it’s important to look at data like:
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 King, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 109, this month we show 14.
Across the country as a whole, King is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $367,000 price tag on the median King home means that it is quite highly priced by Canadian standards.
1 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Across Ontario King has the 56th most properties on offer with 200.
As one of Ontario’s many potential real estate investment neighbourhoods, King needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in King there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.