In Aug the median listed house price of $149,900 in Saint-Romain was a below average compared to the rest of Quebec.
Saint-Romain’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Saint-Romain will hopefully provide an indicator to help you where to research in-depth
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-Romain, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 13, this month we show 7.
Across the country as a whole, Saint-Romain is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $74,900 price tag on the median Saint-Romain home means that it is very cheap in comparison to the rest of the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Saint-Romain has not many at all compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Saint-Romain is a good investment target.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.