Across the nation CREW lists data for 5162 neighbourhoods, and this month Nine Mile Creek is number 3746 putting it in the bottom half of the country .
With Nine Mile Creek’s median house price at $158,950 in Aug , it is below average compared to the rest of Prince Edward Island.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Nine Mile Creek has more than the average number to choose from compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Nine Mile Creek is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Nine Mile Creek there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
It’s never an exact art, but to try to forecast how property is going to appreciate in Nine Mile Creek for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Nine Mile Creek there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.