Across the country as a whole, Cultus Lake is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $937,450 in Cultus Lake was an impressive compared to the rest of British Columbia.
Investors looking for properties in Cultus Lake are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
There are 359 neighbourhoods that have more properties on sale than Cultus Lake at the moment in British Columbia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of British Columbia’s many potential real estate investment neighbourhoods, Cultus Lake 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.
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 Cultus Lake have increased which would tend to indicate that demand is not as high as supply.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
When we look at the data we have, it can help with trying to establish whether or not Cultus Lake is a good investment target.
If you are looking at investment properties in Cultus Lake, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.