The median asking price in Patricia is $82,450, quite a drop from the median three months ago which was $79,900 .
When our research team crunched the numbers we calculated that Patricia has a median home price of $82,450.
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.
This month we track 230th neighbourhoods in Alberta, and Patricia has the 230th most choice available for real estate investors.
As one of Alberta’s many potential real estate investment neighbourhoods, Patricia 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 Patricia have increased which would tend to indicate that demand is not as high as supply.
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.
Can we guarantee how well Patricia is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Over the last three months in Patricia, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.