The $357,000 price tag on the median Spragge home means that it is above the cost of most houses in the country.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Ontario has the second most amount of properties available to property investors, with Spragge having 995th most in the province, out of a total of 1159.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Spragge will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
It’s never an exact art, but to try to forecast how property is going to appreciate in Spragge for investors, it’s important to look at data like:
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 Spragge have stayed pretty much the same which would tend to indicate that demand is steady.