Canada’s national median home listing price this month is $290,900, which means that Spalding is in the cheapest 20% for Canada.
With Spalding’s median house price at $64,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Saskatchewan.
If you’re looking at investment properties in Spalding, then you’re most likely to find homes with 4 bedrooms on sale this month.
Saskatchewan has the sixth most amount of properties available to property investors, with Spalding having 150th most in the province, out of a total of 357.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Spalding 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.
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 Spalding have increased which would tend to indicate that demand is not as high as supply.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Spalding will hopefully provide an indicator to help you where to research in-depth
In Spalding, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.