Across the nation CREW lists data for 5162 neighbourhoods, and this month Meldrum Bay is number 151 putting it ahead of most neighbourhoods .
While the median for Ontario is $349,900 , which means that Meldrum Bay’s median price is $724,500 considerably better than the rest of the province.
There are 1145 neighbourhoods that have more properties on sale than Meldrum Bay at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is Meldrum Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Meldrum Bay 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 Meldrum Bay is a good investment target.