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.
When we look at the data we have, it can help with trying to establish whether or not Peace River is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Peace River there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Peace River was Canada’s 881th most expensive suburb by listed median house price this month.
Peace River, Alberta has a median house price of $146,400 when compiling all the home listings in Aug .
Peace River’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 1 bedrooms.
There are 99 neighbourhoods that have more properties on sale than Peace River at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Peace River for investors, it’s important to look at data like:
Over the last three months in Peace River, housing stock available seems to be falling – this could mean that homes values might increase faster.