Canada’s national median home listing price this month is $310,000, which means that Medford is in the top 40% for Canada.
The $327,500 price tag on the median Medford home means that it is above the cost of most houses in the country.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
When we look at the data we have, it can help with trying to establish whether or not Medford is a good investment target.
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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Medford will hopefully provide an indicator to help you where to research in-depth
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 Medford have stayed pretty much the same which would tend to indicate that demand is steady.