Canada’s national median home listing price this month is $290,900, which means that Savage Harbour is in the cheapest 20% for Canada.
The median house price listed in Savage Harbour this month is $85,000.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
This month we track 14th neighbourhoods in Prince Edward Island, and Savage Harbour has the 14th most choice available for real estate investors.
Can we guarantee how well Savage Harbour is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Savage Harbour for investors, it’s important to look at data like:
Over the last three months in Savage Harbour, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.