Across the country as a whole, Loon Lake is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $169,900 in Loon Lake was a below average compared to the rest of Saskatchewan.
Loon Lake’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Loon Lake 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.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
When we look at the data we have, it can help with trying to establish whether or not Loon Lake is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.