Milton was Canada’s 3595th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $165,000 in Milton was a below average compared to the rest of Newfoundland and Labrador.
Milton’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
It’s never an exact art, but to try to forecast how property is going to appreciate in Milton for investors, it’s important to look at data like:
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 Milton, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 2, this month we show 3.
Is Milton a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.