Canada’s national median home listing price this month is $310,000, which means that Port Lambton is in the top 40% for Canada.
Port Lambton, Ontario has a median house price of $264,900 when compiling all the home listings in Jun .
Port Lambton’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Ontario has the second most amount of properties available to property investors, with Port Lambton having 644th most in the province, out of a total of 1159.
Can we guarantee how well Port Lambton 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
As one of Ontario’s many potential real estate investment neighbourhoods, Port Lambton 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.