Across the nation CREW lists data for 5162 neighbourhoods, and this month Arran-Elderslie is number 1257 putting it ahead of most neighbourhoods .
With Arran-Elderslie’s median house price at $322,250 in Aug , it is about average compared to the rest of Ontario.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 1472th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
Is Arran-Elderslie 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 Arran-Elderslie there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Will prices rise across the next year in in Arran-Elderslie? There are a number of real estate indicators to consider.
Over the last three months in Arran-Elderslie, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.