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.
Davidson Home Price
The median asking price in Davidson is $259,950, an improvement on the median three months ago which was $119,900 .
The median house price listed in Davidson this month is $259,950.
There are 357 neighbourhoods that have more properties on sale than Davidson at the moment in Saskatchewan which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is Davidson a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
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.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Davidson 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 Davidson have stayed pretty much the same which would tend to indicate that demand is steady.
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