Canada’s national median home listing price this month is $290,900, which means that Lennoxville is close to average for Canada.
Want a cheaply priced house? Then at $229,000 this month, Lennoxville, Quebec is probably not for you price wise.
If you’re looking at investment properties in Lennoxville, then you’re most likely to find homes with 3 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 1000th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
Can we guarantee how well Lennoxville 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 Lennoxville, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 30, this month we show 27.
The median asking price in Lennoxville is $350,000, a substantial increase over the median three months ago which was $304,000 .
While the median for Quebec is $198,000 , which means that Lennoxville’s median price is $350,000 considerably better than the rest of the province.
Lennoxville’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 3 bedrooms.
According to our stats, Lennoxville is the neighbourhood that has the 268th most properties available to real estate investors in Quebec.
Will prices rise across the next year in in Lennoxville? There are a number of real estate indicators to consider.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Lennoxville have stayed pretty much the same which would tend to indicate that demand is steady.