Mitchell was Canada’s 1796th most expensive suburb by listed median house price this month.
With Mitchell’s median house price at $272,400 in Aug , it is about average compared to the rest of Ontario.
Mitchell’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 1170th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
Can we guarantee how well Mitchell 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 Mitchell, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Mitchell for investors, it’s important to look at data like:
In Mitchell, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.