Canada’s national median home listing price this month is $290,900, which means that Port Renfrew is in the top 40% for Canada.
With Port Renfrew’s median house price at $259,800 in Aug , it is one of the cheapest neighbourhoods compared to the rest of British Columbia.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 1.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Port Renfrew has fewer than average compared to the rest of the province
Will prices rise across the next year in in Port Renfrew? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Port Renfrew for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Port Renfrew there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.