Lucan was Canada’s 1267th most expensive suburb by listed median house price this month.
The median house price listed in Lucan this month is $319,900.
Lucan’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are 1145 neighbourhoods that have more properties on sale than Lucan at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Can we guarantee how well Lucan 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.
Over the last three months in Lucan, housing stock available seems to be falling – this could mean that homes values might increase faster.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lucan for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lucan there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.