The median asking price in Sault Ste. Marie is $199,900, pretty close to the median three months ago which was $199,900 .
When our research team crunched the numbers we calculated that Sault Ste. Marie has a median home price of $199,900.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 1145 neighbourhoods that have more properties on sale than Sault Ste. Marie at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Sault Ste. Marie will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Sault Ste. Marie, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
Last month, Sault Ste. Marie was Canada’s 752th priciest – this month at number 752 it’s dropped -432 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.
With Sault Ste. Marie’s median house price at $169,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
Across Ontario Sault Ste. Marie has the 27th most properties on offer with 196.
When we look at the data we have, it can help with trying to establish whether or not Sault Ste. Marie is a good investment target.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.