With a median listing price of $194,900, North Algona is Canada’s 2409th most expensive when ordered by median listing price.
The $194,900 price tag on the median North Algona home means that it is about average price.
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 1123 neighbourhoods that have more properties on sale than North Algona at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, North Algona 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 North Algona there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for North Algona will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.