Lougheed was Canada’s 3980th most expensive suburb by listed median house price this month.
While the median for Alberta is $375,000 , which means that Lougheed’s median price is $148,500 a lot lower than the rest of the province.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
There are 339 neighbourhoods that have more properties on sale than Lougheed at the moment in Alberta which puts the neighbourhood middle range when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lougheed for investors, it’s important to look at data like:
In Lougheed, 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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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.