Redwater was Canada’s 1864th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $267,400 in Redwater was an above average compared to the rest of Alberta.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
According to our stats, Redwater is the neighbourhood that has the 62th most properties available to real estate investors in Alberta.
Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Redwater, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 33, this month we show 42.
When we look at the data we have, it can help with trying to establish whether or not Redwater is a good investment target.
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 Redwater have stayed pretty much the same which would tend to indicate that demand is steady.