Lanark was Canada’s 1742th most expensive suburb by listed median house price this month.
While the median for Ontario is $349,900 , which means that Lanark’s median price is $277,450 better than average than the rest of the province.
There are 1145 neighbourhoods that have more properties on sale than Lanark at the moment in Ontario which puts the neighbourhood in the top 20% 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 Lanark is a good investment target.
In Lanark, 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.
The median asking price in Lanark is $199,800, pretty close to the median three months ago which was $172,350 .
In Aug the median listed house price of $199,800 in Lanark was a below average compared to the rest of Ontario.
This month we track 133th neighbourhoods in Ontario, and Lanark has the 133th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lanark will hopefully provide an indicator to help you where to research in-depth
In Lanark, 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.