The median asking price in Iona Station is $266,250, an improvement on the median three months ago which was $289,400 .
While the median for Ontario is $349,900 , which means that Iona Station’s median price is $266,250 better than average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Jan this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Iona Station has not many at all compared to the rest of the province
As one of Ontario’s many potential real estate investment neighbourhoods, Iona Station 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Iona Station have dried up which would tend to indicate that demand is higher than the supply of new properties.
When we look at the data we have, it can help with trying to establish whether or not Iona Station is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.