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.
Keene Home Price
With a median listing price of $209,450, Keene is Canada’s 2741th most expensive when ordered by median listing price.
In Aug the median listed house price of $209,450 in Keene was relatively low compared to the rest of Ontario.
Keene’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Across Ontario Keene has the 446th most properties on offer with 1145.
Is Keene a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
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 Keene 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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