The median asking price in Essex is $325,000, an improvement on the median three months ago which was $319,500 .
In Aug the median listed house price of $325,000 in Essex was an above average compared to the rest of Ontario.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Across Ontario Essex has the 283th most properties on offer with 1145.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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.
When our research team crunched the numbers we calculated that Essex has a median home price of $279,000.
As one of Ontario’s many potential real estate investment neighbourhoods, Essex 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 Essex have stayed pretty much the same which would tend to indicate that demand is steady.