Ucluelet was Canada’s 1471th most expensive suburb by listed median house price this month.
While the median for British Columbia is $519,000 , which means that Ucluelet’s median price is $299,000 better than average than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 547th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
Is Ucluelet a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Across the country as a whole, Ucluelet is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $309,000 price tag on the median Ucluelet home means that it is quite highly priced by Canadian standards.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
British Columbia has the third most amount of properties available to property investors, with Ucluelet having 67th most in the province, out of a total of 124.
Can we guarantee how well Ucluelet is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Ucluelet there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.