Canada’s national median home listing price this month is $290,900, which means that Cherry Grove is in the top 20% for Canada.
Cherry Grove, Alberta has a median house price of $435,000 when compiling all the home listings in Aug .
Investors looking for properties in Cherry Grove 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, Cherry Grove is the neighbourhood that has the 171th most properties available to real estate investors in Alberta.
It’s never an exact art, but to try to forecast how property is going to appreciate in Cherry Grove for investors, it’s important to look at data like:
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 Cherry Grove, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 7, this month we show 8.
When we look at the data we have, it can help with trying to establish whether or not Cherry Grove is a good investment target.
Over the last three months in Cherry Grove, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.