Across the nation CREW lists data for 5162 neighbourhoods, and this month Centre Wellington is number 166 putting it ahead of most neighbourhoods .
When our research team crunched the numbers we calculated that Centre Wellington has a median home price of $699,450.
According to our stats, Centre Wellington is the neighbourhood that has the 375th most properties available to real estate investors in Ontario.
When we look at the data we have, it can help with trying to establish whether or not Centre Wellington is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Centre Wellington have dried up which would tend to indicate that demand is higher than the supply of new properties.
Across the country as a whole, Centre Wellington is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $299,900 price tag on the median Centre Wellington home means that it is above the cost of most houses in the country.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Centre Wellington has fewer than average compared to the rest of the province
Can we guarantee how well Centre Wellington 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.