Ravenna was Canada’s 2528th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $219,900 in Ravenna was relatively low compared to the rest of Ontario.
Across Ontario Ravenna has the 861th most properties on offer with 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Ravenna 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.
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 Ravenna, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.
Will prices rise across the next year in in Ravenna? There are a number of real estate indicators to consider.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Ravenna have stayed pretty much the same which would tend to indicate that demand is steady.