The median asking price in Saturna Island is $398,950, a substantial increase over the median three months ago which was $399,900 .
The $398,950 price tag on the median Saturna Island home means that it is quite highly priced by Canadian standards.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
Will prices rise across the next year in in Saturna Island? There are a number of real estate indicators to consider.
If you are looking at investment properties in Saturna Island, 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.
As one of British Columbia’s many potential real estate investment neighbourhoods, Saturna Island 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.
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 Saturna Island have stayed pretty much the same which would tend to indicate that demand is steady.