Across the nation CREW lists data for 5162 neighbourhoods, and this month Ponoka is number 1766 putting it in the top half of the country .
Ponoka, Alberta has a median house price of $274,900 when compiling all the home listings in Aug .
How big are the houses being sold in Ponoka? This month there are 2 one bedroom 9 two bedroom 20 three bedroom 26 four bedroom 16 five bedroom homes on the market.
According to our stats, Ponoka is the neighbourhood that has the 41th most properties available to real estate investors in Alberta.
It’s never an exact art, but to try to forecast how property is going to appreciate in Ponoka for investors, it’s important to look at data like:
Over the last three months in Ponoka, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
Across the country as a whole, Ponoka is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Alberta is $259,000 , which means that Ponoka’s median price is $237,500 better than average than the rest of the province.
Ponoka’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 384th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
As one of Alberta’s many potential real estate investment neighbourhoods, Ponoka 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.
If you are looking at investment properties in Ponoka, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.