When looking across the province, Read Island is the 83th most expensive in British Columbia.
In Aug the median listed house price of $596,250 in Read Island was an impressive compared to the rest of British Columbia.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Read Island will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Read Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well Read Island 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.
In Read Island, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.