The median asking price in Springfield is $174,900, less than the median three months ago which was $182,400 .
The median house price listed in Springfield this month is $174,900.
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.
Across Ontario Springfield has the 728th most properties on offer with 1145.
It’s never an exact art, but to try to forecast how property is going to appreciate in Springfield for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
As one of Ontario’s many potential real estate investment neighbourhoods, Springfield 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 Springfield have stayed pretty much the same which would tend to indicate that demand is steady.