With a median listing price of $402,450, Salmon Arm is Canada’s 729th most expensive when ordered by median listing price.
The $402,450 price tag on the median Salmon Arm home means that it is quite highly priced by Canadian standards.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
When we look at the data we have, it can help with trying to establish whether or not Salmon Arm is a good investment target.
If you are looking at investment properties in Salmon Arm, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
The median asking price in Salmon Arm is $283,000, an improvement on the median three months ago which was $279,450 .
The $283,000 price tag on the median Salmon Arm home means that it is above the cost of most houses in the country.
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.
Is Salmon Arm a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Salmon Arm, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 32, this month we show 27.