Canada’s national median home listing price this month is $290,900, which means that Shawnigan Lake is in the top 20% for Canada.
The $434,450 price tag on the median Shawnigan Lake home means that it is quite highly priced by Canadian standards.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Shawnigan Lake has more than the average number to choose from compared to the rest of the province
As one of British Columbia’s many potential real estate investment neighbourhoods, Shawnigan Lake 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 Shawnigan Lake have dried up which would tend to indicate that demand is higher than the supply of new properties.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Shawnigan Lake for investors, it’s important to look at data like:
If you are looking at investment properties in Shawnigan Lake, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.