The median asking price in Russell is $379,900, a substantial increase over the median three months ago which was $369,900 .
While the median for Ontario is $349,900 , which means that Russell’s median price is $379,900 considerably better than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 288th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
Ontario 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.
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 Russell have dried up which would tend to indicate that demand is higher than the supply of new properties.
Across the country as a whole, Russell is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
With Russell’s median house price at $209,900 in Aug , it is below average compared to the rest of Ontario.
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.
There are 196 neighbourhoods that have more properties on sale than Russell at the moment in Ontario which puts the neighbourhood middle range when looking at the number of properties to choose from.
Can we guarantee how well Russell 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 increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.