Montague was Canada’s 3671th most expensive suburb by listed median house price this month.
While the median for Prince Edward Island is $179,600 , which means that Montague’s median price is $161,500 below average than the rest of the province.
Investors looking for properties in Montague are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Prince Edward Island has the fourth least amount of properties available to property investors, with Montague having 4th most in the province, out of a total of 218.
When we look at the data we have, it can help with trying to establish whether or not Montague is a good investment target.
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 Montague have increased which would tend to indicate that demand is not as high as supply.
In Aug the median listed house price of $250,000 in Montague was a below average compared to the rest of Prince Edward Island.
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.
There are 13 neighbourhoods that have more properties on sale than Montague at the moment in Prince Edward Island which puts the neighbourhood middle range when looking at the number of properties to choose from.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Montague 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.
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.