Across the nation CREW lists data for 5162 neighbourhoods, and this month Millbrook is number 549 putting it ahead of most neighbourhoods .
The median house price listed in Millbrook this month is $449,900.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Millbrook will hopefully provide an indicator to help you where to research in-depth
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Millbrook, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 5.
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.
Can we guarantee how well Millbrook is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
If you are looking at investment properties in Millbrook, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.