When looking across the province, Gull Lake is the 47th most expensive in Alberta.
With Gull Lake’s median house price at $494,450 in Aug , it is high priced compared to the rest of Alberta.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Gull Lake will hopefully provide an indicator to help you where to research in-depth
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.
As one of Alberta’s many potential real estate investment neighbourhoods, Gull Lake 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gull Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.