The median asking price in Marmora and Lake is $169,000, less than the median three months ago which was $219,900 .
In Aug the median listed house price of $169,000 in Marmora and Lake was relatively low compared to the rest of Ontario.
According to our stats, Marmora and Lake is the neighbourhood that has the 470th most properties available to real estate investors in Ontario.
As one of Ontario’s many potential real estate investment neighbourhoods, Marmora and Lake needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Marmora and Lake have dried up which would tend to indicate that demand is higher than the supply of new properties.
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.
When we look at the data we have, it can help with trying to establish whether or not Marmora and Lake is a good investment target.
In Marmora and Lake, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.