Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
Craven Home Price
The median asking price in Craven is $122,000, quite a drop from the median three months ago which was $151,000 .
With Craven’s median house price at $122,000 in Aug , it is below average compared to the rest of Saskatchewan.
There are 357 neighbourhoods that have more properties on sale than Craven at the moment in Saskatchewan which puts the neighbourhood middle range when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Craven for investors, it’s important to look at data like:
In Craven, 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.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Craven 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.
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.
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