When our research team crunched the numbers we calculated that Alert Bay has a median home price of $195,000.
Alert Bay’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
British Columbia has the third most amount of properties available to property investors, with Alert Bay having 199th most in the province, out of a total of 359.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Alert Bay will hopefully provide an indicator to help you where to research in-depth
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 Alert Bay, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 14, this month we show 13.
British Columbia 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.
Over the last three months in Alert Bay, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.