Across the nation CREW lists data for 4553 neighbourhoods, and this month Balmy Beach is number 392 putting it ahead of most neighbourhoods .
When our research team crunched the numbers we calculated that Balmy Beach has a median home price of $474,900.
According to our stats, Balmy Beach is the neighbourhood that has the 1043th most properties available to real estate investors in Ontario.
Can we guarantee how well Balmy Beach is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Over the last three months in Balmy Beach, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Is Balmy Beach 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 Balmy Beach there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.