When looking across the province, Merrickville is the 566th most expensive in Ontario.
In Aug the median listed house price of $299,949 in Merrickville was an above average compared to the rest of Ontario.
Investors looking for properties in Merrickville are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
According to our stats, Merrickville is the neighbourhood that has the 120th most properties available to real estate investors in Ontario.
Is Merrickville 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 increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Can we guarantee how well Merrickville 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 Merrickville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.