Canada’s national median home listing price this month is $290,900, which means that Lacombe is in the top 20% for Canada.
When our research team crunched the numbers we calculated that Lacombe has a median home price of $372,000.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 275th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
As one of Alberta’s many potential real estate investment neighbourhoods, Lacombe 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.
In Lacombe, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Lacombe was Canada’s 241th most expensive suburb by listed median house price this month.
With Lacombe’s median house price at $294,900 in Aug , it is above average compared to the rest of Alberta.
If you’re looking at investment properties in Lacombe, then you’re most likely to find homes with 3 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 257th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
Can we guarantee how well Lacombe 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.
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 Lacombe, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 20, this month we show 23.