Want a cheaply priced house? Then at $315,000 this month, Merritt, British Columbia is somewhere that you should look at price wise.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
When we look at the data we have, it can help with trying to establish whether or not Merritt is a good investment target.
Over the last three months in Merritt, housing stock available seems to be falling – this could mean that homes values might increase faster.
Merritt was Canada’s 784th most expensive suburb by listed median house price this month.
The median house price listed in Merritt this month is $164,950.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Merritt has not many at all compared to the rest of the province
Is Merritt a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Merritt, 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.