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.
Grand Coulee Home Price
When looking across the province, Grand Coulee is the 24th most expensive in Saskatchewan.
While the median for Saskatchewan is $269,900 , which means that Grand Coulee’s median price is $409,450 considerably better than the rest of the province.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
This month we track 204th neighbourhoods in Saskatchewan, and Grand Coulee has the 204th most choice available for real estate investors.
Is Grand Coulee a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Grand Coulee, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 4, this month we show 4.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Grand Coulee will hopefully provide an indicator to help you where to research in-depth
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.
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