The median asking price in Varennes is $284,450, an improvement on the median three months ago which was $329,000 .
With Varennes’s median house price at $284,450 in Aug , it is high priced compared to the rest of Quebec.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Is Varennes a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Varennes have dried up which would tend to indicate that demand is higher than the supply of new properties.
Varennes was Canada’s 752th most expensive suburb by listed median house price this month.
With Varennes’s median house price at $169,900 in Aug , it is below average compared to the rest of Quebec.
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.
Quebec has the most amount of properties available to property investors, with Varennes having 128th most in the province, out of a total of 453.
When we look at the data we have, it can help with trying to establish whether or not Varennes is a good investment target.
If you are looking at investment properties in Varennes, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.