In Aug the median listed house price of $367,500 in North Granville was an impressive compared to the rest of Prince Edward Island.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 218 neighbourhoods that have more properties on sale than North Granville 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, North Granville 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.
It’s never an exact art, but to try to forecast how property is going to appreciate in North Granville 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 North Granville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.