Across the country as a whole, Long Creek is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $254,700 price tag on the median Long Creek home means that it is above the cost of most houses in the country.
This month we track 140th neighbourhoods in Prince Edward Island, and Long Creek has the 140th most choice available for real estate investors.
Is Long Creek a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Long Creek, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 2.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Long Creek will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.