Canada’s national median home listing price this month is $290,900, which means that Chelmsford is in the top 40% for Canada.
With Chelmsford’s median house price at $271,949 in Aug , it is about average compared to the rest of Ontario.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 93th neighbourhoods in Ontario, and Chelmsford has the 93th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Chelmsford is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Chelmsford there is more stock than three months ago. This would indicate pressure on prices easing.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Chelmsford is number 257 putting it ahead of most neighbourhoods .
With Chelmsford’s median house price at $287,450 in Aug , it is above average compared to the rest of Ontario.
Across Ontario Chelmsford has the 78th most properties on offer with 196.
It’s never an exact art, but to try to forecast how property is going to appreciate in Chelmsford for investors, it’s important to look at data like:
In Chelmsford, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.