The median asking price in Terrace Bay is $92,450, quite a drop from the median three months ago which was $94,900 .
When our research team crunched the numbers we calculated that Terrace Bay has a median home price of $92,450.
As one of Ontario’s many potential real estate investment neighbourhoods, Terrace Bay 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.
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 Terrace Bay, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 29, this month we show 20.
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 hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Terrace Bay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.