Across the nation CREW lists data for 5162 neighbourhoods, and this month Welland is number 1747 putting it in the top half of the country .
When our research team crunched the numbers we calculated that Welland has a median home price of $277,375.
This month we track 59th neighbourhoods in Ontario, and Welland has the 59th 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 Welland is a good investment target.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
When looking across the province, Welland is the 130th most expensive in Ontario.
While the median for Ontario is $335,000 , which means that Welland’s median price is $214,749 better than average than the rest of the province.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Welland has more than the average number to choose from compared to the rest of the province
Will prices rise across the next year in in Welland? There are a number of real estate indicators to consider.
Over the last three months in Welland, housing stock available seems to be falling – this could mean that homes values might increase faster.