Lesser Slave River No.124 was Canada’s 288th most expensive suburb by listed median house price this month.
With Lesser Slave River No.124’s median house price at $585,000 in Aug , it is high priced compared to the rest of Alberta.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 160th neighbourhoods in Alberta, and Lesser Slave River No.124 has the 160th most choice available for real estate investors.
As one of Alberta’s many potential real estate investment neighbourhoods, Lesser Slave River No.124 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.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Lesser Slave River No.124 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 Lesser Slave River No.124 there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.