Canada’s national median home listing price this month is $290,900, which means that Naramata is in the top 20% for Canada.
Naramata, British Columbia has a median house price of $774,900 when compiling all the home listings in Aug .
Across British Columbia Naramata has the 139th most properties on offer with 359.
As one of British Columbia’s many potential real estate investment neighbourhoods, Naramata 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Naramata there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Is Naramata 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.