Saint-Éloi was Canada’s 4751th most expensive suburb by listed median house price this month.
Saint-Éloi, Quebec has a median house price of $97,250 when compiling all the home listings in Aug .
The number of homes for sale this month in the neighbourhood has increased substantially at 1047 in Aug .
As one of Quebec’s many potential real estate investment neighbourhoods, Saint-Éloi needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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 Saint-Éloi, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 8, this month we show 6.
When we look at the data we have, it can help with trying to establish whether or not Saint-Éloi is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.