When our research team crunched the numbers we calculated that Midway has a median home price of $262,000.
Investors looking for properties in Midway are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
British Columbia has the third most amount of properties available to property investors, with Midway having 154th most in the province, out of a total of 359.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Midway will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Midway, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
The median asking price in Midway is $323,000, a substantial increase over the median three months ago which was $249,000 .
In Aug the median listed house price of $323,000 in Midway was an above average compared to the rest of British Columbia.
This month we track 115th neighbourhoods in British Columbia, and Midway has the 115th most choice available for real estate investors.
As one of British Columbia’s many potential real estate investment neighbourhoods, Midway 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Midway there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.