Canada’s national median home listing price this month is $290,900, which means that Ripley is in the bottom 40% for Canada.
The median house price listed in Ripley this month is $145,900.
There are 1145 neighbourhoods that have more properties on sale than Ripley at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Will prices rise across the next year in in Ripley? There are a number of real estate indicators to consider.
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 Ripley, 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 5, this month we show 5.
Is Ripley a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Ripley there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.