While the median for British Columbia is $519,000 , which means that Lumby’s median price is $504,450 considerably better than the rest of the province.
Lumby’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lumby will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Lumby was Canada’s 478th most expensive suburb by listed median house price this month.
The $219,450 price tag on the median Lumby home means that it is about average price.
Investors looking for properties in Lumby are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
This month we track 79th neighbourhoods in British Columbia, and Lumby has the 79th most choice available for real estate investors.
Will prices rise across the next year in in Lumby? There are a number of real estate indicators to consider.