Across the nation CREW lists data for 5162 neighbourhoods, and this month Scotch Ridge is number 1936 putting it in the top half of the country .
The median house price listed in Scotch Ridge this month is $260,000.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Scotch Ridge will hopefully provide an indicator to help you where to research in-depth
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 Scotch Ridge have stayed pretty much the same which would tend to indicate that demand is steady.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
When we look at the data we have, it can help with trying to establish whether or not Scotch Ridge is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Scotch Ridge there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.