Across the nation CREW lists data for 5162 neighbourhoods, and this month Smoky Lake is number 3779 putting it in the bottom half of the country .
Want a cheaply priced house? Then at $155,000 this month, Smoky Lake, Alberta do not consider price wise.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 339 neighbourhoods that have more properties on sale than Smoky Lake at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Alberta’s many potential real estate investment neighbourhoods, Smoky 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.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Smoky Lake for investors, it’s important to look at data like:
Over the last three months in Smoky Lake, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.