With a median listing price of $695,000, Melancthon is Canada’s 176th most expensive when ordered by median listing price.
The $695,000 price tag on the median Melancthon home means that it is quite highly priced by Canadian standards.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Across Ontario Melancthon has the 248th most properties on offer with 1145.
It’s never an exact art, but to try to forecast how property is going to appreciate in Melancthon for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Melancthon there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When we look at the data we have, it can help with trying to establish whether or not Melancthon is a good investment target.
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 Melancthon have stayed pretty much the same which would tend to indicate that demand is steady.