When looking across the province, Vermilion is the 186th most expensive in Alberta.
The $247,400 price tag on the median Vermilion home means that it is about average price.
Vermilion’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
This month we track 52th neighbourhoods in Alberta, and Vermilion has the 52th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Vermilion is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Vermilion there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
The $214,900 price tag on the median Vermilion home means that it is about average price.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 719th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
As one of Alberta’s many potential real estate investment neighbourhoods, Vermilion 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.
In Vermilion, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.