Alma was Canada’s 4811th most expensive suburb by listed median house price this month.
With Alma’s median house price at $79,950 in Jun , it is one of the cheapest neighbourhoods compared to the rest of Prince Edward Island.
From our data, it appears that neighbourhood is number 4155th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
Is Alma a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Alma there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Alma will hopefully provide an indicator to help you where to research in-depth
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.