Across the nation CREW lists data for 5162 neighbourhoods, and this month Madawaska Valley is number 1316 putting it in the top half of the country .
While the median for Ontario is $349,900 , which means that Madawaska Valley’s median price is $314,450 better than average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 1145 neighbourhoods that have more properties on sale than Madawaska Valley at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Madawaska Valley will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Madawaska Valley there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Is Madawaska Valley a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.