The MoneyShow (Friday, September 16th - 17th) covers topics that are either hot-button issues or those with additional complexity by taking a laser-focused approach
Humphrey Home Price
When looking across the province, Humphrey is the 87th most expensive in Ontario.
The median house price listed in Humphrey this month is $682,000.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 1145 neighbourhoods that have more properties on sale than Humphrey at the moment in Ontario which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Humphrey 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 Humphrey, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, 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.
Will prices rise across the next year in in Humphrey? There are a number of real estate indicators to consider.
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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