Across the nation CREW lists data for 5162 neighbourhoods, and this month Mono is number 72 putting it ahead of most neighbourhoods .
When our research team crunched the numbers we calculated that Mono has a median home price of $950,000.
If you’re looking at investment properties in Mono, then you’re most likely to find homes with 4 bedrooms on sale this month.
Across Ontario Mono has the 268th most properties on offer with 1145.
It’s never an exact art, but to try to forecast how property is going to appreciate in Mono for investors, it’s important to look at data like:
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Mono have dried up which would tend to indicate that demand is higher than the supply of new properties.
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.
As one of Ontario’s many potential real estate investment neighbourhoods, Mono 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Mono have stayed pretty much the same which would tend to indicate that demand is steady.