Revelstoke was Canada’s 688th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $417,000 in Revelstoke was an above average compared to the rest of British Columbia.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 109th neighbourhoods in British Columbia, and Revelstoke has the 109th most choice available for real estate investors.
Can we guarantee how well Revelstoke 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 fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Canada’s national median home listing price this month is $244,900, which means that Revelstoke is in the top 20% for Canada.
With Revelstoke’s median house price at $346,750 in Aug , it is above average compared to the rest of British Columbia.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
According to our stats, Revelstoke is the neighbourhood that has the 62th most properties available to real estate investors in British Columbia.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Revelstoke will hopefully provide an indicator to help you where to research in-depth
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 Revelstoke have dried up which would tend to indicate that demand is higher than the supply of new properties.