The $352,000 price tag on the median Sprucedale home means that it is quite highly priced by Canadian standards.
Investors looking for properties in Sprucedale are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
There are 1145 neighbourhoods that have more properties on sale than Sprucedale at the moment in Ontario which puts the neighbourhood middle range when looking at the number of properties to choose from.
Will prices rise across the next year in in Sprucedale? There are a number of real estate indicators to consider.
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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Sprucedale for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Sprucedale there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.