Canada’s national median home listing price this month is $290,900, which means that New Denver is in the top 40% for Canada.
The $267,000 price tag on the median New Denver home means that it is above the cost of most houses in the country.
New Denver’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
This month we track 165th neighbourhoods in British Columbia, and New Denver has the 165th most choice available for real estate investors.
Is New Denver a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in New Denver, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Across the nation CREW lists data for 1054 neighbourhoods, and this month New Denver is number 438 putting it in the top half of the country .
The $229,000 price tag on the median New Denver home means that it is about average price.
This month we track 110th neighbourhoods in British Columbia, and New Denver has the 110th most choice available for real estate investors.
British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in New Denver there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.