When looking across the province, Souris is the 201th most expensive in Prince Edward Island.
While the median for Prince Edward Island is $179,600 , which means that Souris’s median price is $79,900 a lot lower than the rest of the province.
If you’re looking at investment properties in Souris, then you’re most likely to find homes with 3 bedrooms on sale this month.
There are 218 neighbourhoods that have more properties on sale than Souris at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Souris is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Souris, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 11, this month we show 11.
Can we guarantee how well Souris is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
If you are looking at investment properties in Souris, 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.