Sherkston was Canada’s 353th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Sherkston has a median home price of $538,500.
Across Ontario Sherkston has the 861th most properties on offer with 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Sherkston 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Is Sherkston a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Sherkston there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.