Want a cheaply priced house? Then at $434,900 this month, Sherwood Park, Alberta is definitely not for you price wise.
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.
Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Over the last three months in Sherwood Park, housing stock available seems to be falling – this could mean that homes values might increase faster.
Sherwood Park was Canada’s 174th most expensive suburb by listed median house price this month.
The $319,250 price tag on the median Sherwood Park home means that it is quite highly priced by Canadian standards.
Investors looking for properties in Sherwood Park are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
This month we track 5th neighbourhoods in Alberta, and Sherwood Park has the 5th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Sherwood Park is a good investment target.
If you are looking at investment properties in Sherwood Park, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.