Thetis Island was Canada’s 306th most expensive suburb by listed median house price this month.
While the median for British Columbia is $519,000 , which means that Thetis Island’s median price is $561,950 considerably better than the rest of the province.
Thetis Island’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 1631th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Thetis Island will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Thetis Island, housing stock available seems to be falling – this could mean that homes values might increase faster.
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.
Is Thetis Island a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Thetis Island there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.