Canada’s national median home listing price this month is $290,900, which means that Baynes Lake is in the top 20% for Canada.
With Baynes Lake’s median house price at $479,000 in Aug , it is above average compared to the rest of British Columbia.
Investors looking for properties in Baynes Lake are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
According to our stats, Baynes Lake is the neighbourhood that has the 228th most properties available to real estate investors in British Columbia.
Will prices rise across the next year in in Baynes Lake? There are a number of real estate indicators to consider.
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 Baynes Lake, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 8, this month we show 9.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Baynes Lake for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Baynes Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.