The median asking price in Beckwith is $358,500, a substantial increase over the median three months ago which was $394,000 .
With Beckwith’s median house price at $358,500 in Aug , it is above average compared to the rest of Ontario.
There are 1145 neighbourhoods that have more properties on sale than Beckwith at the moment in Ontario which puts the neighbourhood middle range when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, Beckwith 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.
Can we guarantee how well Beckwith 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.
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.