Vienna was Canada’s 3682th most expensive suburb by listed median house price this month.
With Vienna’s median house price at $159,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
Vienna’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
Across Ontario Vienna has the 728th most properties on offer with 1145.
When we look at the data we have, it can help with trying to establish whether or not Vienna is a good investment target.
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 Vienna, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 7, this month we show 5.
As one of Ontario’s many potential real estate investment neighbourhoods, Vienna 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.
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 Vienna have stayed pretty much the same which would tend to indicate that demand is steady.