Across the country as a whole, Fairmont Hot Springs is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for British Columbia is $519,000 , which means that Fairmont Hot Springs’s median price is $434,000 considerably better than the rest of the province.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Fairmont Hot Springs has more than the average number to choose from compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Fairmont Hot Springs is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Fairmont Hot Springs, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 38, this month we show 40.
The median asking price in Fairmont Hot Springs is $304,900, a substantial increase over the median three months ago which was $299,700 .
In Aug the median listed house price of $304,900 in Fairmont Hot Springs was an above average compared to the rest of British Columbia.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 3.
Will prices rise across the next year in in Fairmont Hot Springs? There are a number of real estate indicators to consider.
Over the last three months in Fairmont Hot Springs, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.