When looking across the province, Big Lakes is the 138th most expensive in Alberta.
Big Lakes, Alberta has a median house price of $309,450 when compiling all the home listings in Dec .
From our data, it appears that neighbourhood is number 3460th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Big Lakes will hopefully provide an indicator to help you where to research in-depth
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.
As one of Alberta’s many potential real estate investment neighbourhoods, Big Lakes 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Big Lakes there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.