Want a cheaply priced house? Then at $179,900 this month, Madoc, Ontario do not consider price wise.
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.
Will prices rise across the next year in in Madoc? There are a number of real estate indicators to consider.
In Madoc, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Canada’s national median home listing price this month is $244,900, which means that Madoc is close to average for Canada.
In Aug the median listed house price of $204,450 in Madoc was a below average compared to the rest of Ontario.
According to our stats, Madoc is the neighbourhood that has the 149th most properties available to real estate investors in Ontario.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Madoc will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Madoc there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.