Across the nation CREW lists data for 5162 neighbourhoods, and this month North Marysburgh is number 431 putting it ahead of most neighbourhoods .
When our research team crunched the numbers we calculated that North Marysburgh has a median home price of $499,000.
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.
Across Ontario North Marysburgh has the 486th most properties on offer with 1145.
It’s never an exact art, but to try to forecast how property is going to appreciate in North Marysburgh 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 Marysburgh there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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.
As one of Ontario’s many potential real estate investment neighbourhoods, North Marysburgh 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.
Over the last three months in North Marysburgh, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.