Across the nation CREW lists data for 5162 neighbourhoods, and this month Wellington is number 5082 putting it behind most of Canada .
Wellington, Prince Edward Island has a median house price of $62,400 when compiling all the home listings in Aug .
Wellington’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
It’s never an exact art, but to try to forecast how property is going to appreciate in Wellington for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Canada’s national median home listing price this month is $244,900, which means that Wellington is in the cheapest 20% for Canada.
The $107,400 price tag on the median Wellington home means that it is very cheap in comparison to the rest of the nation.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
This month we track 8th neighbourhoods in Prince Edward Island, and Wellington has the 8th most choice available for real estate investors.
Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.