Across the country as a whole, Woolwich is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Woolwich has a median home price of $701,500.
Across Ontario Woolwich has the 597th most properties on offer with 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Woolwich 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.
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 Woolwich, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 20, this month we show 8.
Is Woolwich a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Woolwich, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.