Across the nation CREW lists data for 5162 neighbourhoods, and this month Gleichen is number 3398 putting it in the bottom half of the country .
In Aug the median listed house price of $174,950 in Gleichen was relatively low compared to the rest of Alberta.
Will prices rise across the next year in in Gleichen? There are a number of real estate indicators to consider.
If you are looking at investment properties in Gleichen, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
As one of Alberta’s many potential real estate investment neighbourhoods, Gleichen 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.
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.