Canada’s national median home listing price this month is $290,900, which means that Southampton is in the top 40% for Canada.
While the median for Ontario is $349,900 , which means that Southampton’s median price is $325,000 considerably better than the rest of the province.
Southampton’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
According to our stats, Southampton is the neighbourhood that has the 174th most properties available to real estate investors in Ontario.
Can we guarantee how well Southampton 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Southampton have dried up which would tend to indicate that demand is higher than the supply of new properties.
As one of Ontario’s many potential real estate investment neighbourhoods, Southampton 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Southampton there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.