The median asking price in Lorraine is $276,950, an improvement on the median three months ago which was $419,000 .
When our research team crunched the numbers we calculated that Lorraine has a median home price of $276,950.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
This month we track 312th neighbourhoods in Quebec, and Lorraine has the 312th most choice available for real estate investors.
Is Lorraine a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lorraine there is more stock than three months ago. This would indicate pressure on prices easing.
Canada’s national median home listing price this month is $244,900, which means that Lorraine is in the top 20% for Canada.
Want a cheaply priced house? Then at $322,422 this month, Lorraine, Quebec is definitely not for you price wise.
If you’re looking at investment properties in Lorraine, then you’re most likely to find homes with 2 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 299th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lorraine for investors, it’s important to look at data like:
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 Lorraine have dried up which would tend to indicate that demand is higher than the supply of new properties.