Across the nation CREW lists data for 5162 neighbourhoods, and this month Lambton is number 3033 putting it in the bottom half of the country .
In Aug the median listed house price of $193,500 in Lambton was an above average compared to the rest of Quebec.
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.
There are 1047 neighbourhoods that have more properties on sale than Lambton at the moment in Quebec which puts the neighbourhood top 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Lambton is a good investment target.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
In Aug the median listed house price of $139,000 in Lambton was relatively low compared to the rest of Quebec.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
According to our stats, Lambton is the neighbourhood that has the 243th most properties available to real estate investors in Quebec.
Can we guarantee how well Lambton 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.
In Lambton, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.