When our research team crunched the numbers we calculated that Avonmore has a median home price of $274,900.
Ontario has the most amount of properties available to property investors, with Avonmore having 728th most in the province, out of a total of 1145.
Is Avonmore a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Avonmore, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 8, this month we show 5.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
As one of Ontario’s many potential real estate investment neighbourhoods, Avonmore 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.
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.