Want a cheaply priced house? Then at $314,450 this month, South Algonquin, Ontario is a possibility for you price wise.
If you’re looking at investment properties in South Algonquin, then you’re most likely to find homes with 4 bedrooms on sale this month.
According to our stats, South Algonquin is the neighbourhood that has the 538th most properties available to real estate investors in Ontario.
It’s never an exact art, but to try to forecast how property is going to appreciate in South Algonquin for investors, it’s important to look at data like:
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 South Algonquin, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 11, this month we show 10.
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.
Is South Algonquin 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 South Algonquin there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.