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Harris Home Price
With a median listing price of $699,000, Harris is Canada’s 169th most expensive when ordered by median listing price.
While the median for Ontario is $349,900 , which means that Harris’s median price is $699,000 considerably better than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 1145 neighbourhoods that have more properties on sale than Harris at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, Harris 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 decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Can we guarantee how well Harris is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Harris there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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