Denman Island was Canada’s 401th most expensive suburb by listed median house price this month.
The $514,000 price tag on the median Denman Island home means that it is quite highly priced by Canadian standards.
Denman Island’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
From our data, it appears that neighbourhood is number 815th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
It’s never an exact art, but to try to forecast how property is going to appreciate in Denman Island for investors, it’s important to look at data like:
In Denman Island, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
When we look at the data we have, it can help with trying to establish whether or not Denman Island is a good investment target.
Over the last three months in Denman Island, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.