The $159,700 price tag on the median Cloverdale home means that it is below the national norm.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Cloverdale for investors, it’s important to look at data like:
In Cloverdale, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
When we look at the data we have, it can help with trying to establish whether or not Cloverdale is a good investment target.
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.