Southwest Lot 16 was Canada’s 2669th most expensive suburb by listed median house price this month.
With Southwest Lot 16’s median house price at $212,950 in Aug , it is above average compared to the rest of Prince Edward Island.
According to our stats, Southwest Lot 16 is the neighbourhood that has the 140th most properties available to real estate investors in Prince Edward Island.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Southwest Lot 16 will hopefully provide an indicator to help you where to research in-depth
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 Southwest Lot 16, 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 2, this month we show 2.
Can we guarantee how well Southwest Lot 16 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 Southwest Lot 16 have stayed pretty much the same which would tend to indicate that demand is steady.