Across the country as a whole, Pakenham is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Pakenham’s median house price at $449,900 in Aug , it is above average compared to the rest of Ontario.
Ontario has the most amount of properties available to property investors, with Pakenham having 421th most in the province, out of a total of 1145.
Is Pakenham a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Pakenham, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Will prices rise across the next year in in Pakenham? There are a number of real estate indicators to consider.
If you are looking at investment properties in Pakenham, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.