Across the nation CREW lists data for 4774 neighbourhoods, and this month MacKay is number 2589 putting it in the bottom half of the country .
While the median for Alberta is $399,000 , which means that MacKay’s median price is $206,500 below average 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 3.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for MacKay will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Will prices rise across the next year in in MacKay? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in MacKay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.