Across the nation CREW lists data for 5162 neighbourhoods, and this month Port Alberni is number 2155 putting it in the top half of the country .
While the median for British Columbia is $519,000 , which means that Port Alberni’s median price is $244,900 better than average than the rest of the province.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 359 neighbourhoods that have more properties on sale than Port Alberni at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Can we guarantee how well Port Alberni 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Port Alberni there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Canada’s national median home listing price this month is $244,900, which means that Port Alberni is in the bottom 40% for Canada.
With Port Alberni’s median house price at $189,450 in Aug , it is below average compared to the rest of British Columbia.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
British Columbia has the third most amount of properties available to property investors, with Port Alberni having 66th most in the province, out of a total of 124.
It’s never an exact art, but to try to forecast how property is going to appreciate in Port Alberni for investors, it’s important to look at data like:
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Port Alberni, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 18, this month we show 14.