The median asking price in Novar is $257,450, an improvement on the median three months ago which was $364,450 .
Want a cheaply priced house? Then at $257,450 this month, Novar, Ontario is somewhere that you should look at price wise.
Investors looking for properties in Novar are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
Ontario has the most amount of properties available to property investors, with Novar having 486th most in the province, out of a total of 1145.
Will prices rise across the next year in in Novar? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Novar there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
As one of Ontario’s many potential real estate investment neighbourhoods, Novar 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Novar have stayed pretty much the same which would tend to indicate that demand is steady.