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.
Lyndhurst Home Price
The median asking price in Lyndhurst is $169,803, less than the median three months ago which was $227,800 .
The median house price listed in Lyndhurst this month is $169,803.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug 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 Lyndhurst has a pretty average amount compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Lyndhurst is a good investment target.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
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.
Is Lyndhurst a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Lyndhurst, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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