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.
Elstow Home Price
With a median listing price of $152,400, Elstow is Canada’s 3662th most expensive when ordered by median listing price.
While the median for Saskatchewan is $280,000 , which means that Elstow’s median price is $152,400 below average than the rest of the province.
Is Elstow a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Elstow 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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