Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.
Newmarket Home Price
With a median listing price of $699,947, Newmarket is Canada’s 160th most expensive when ordered by median listing price.
The median house price listed in Newmarket this month is $699,947.
Newmarket’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 201th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
When we look at the data we have, it can help with trying to establish whether or not Newmarket is a good investment target.
In Newmarket, 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.
The median asking price in Newmarket is $419,900, a substantial increase over the median three months ago which was $389,900 .
When our research team crunched the numbers we calculated that Newmarket has a median home price of $419,900.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 89th neighbourhoods in Ontario, and Newmarket has the 89th most choice available for real estate investors.
Is Newmarket a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Newmarket there is more stock than three months ago. This would indicate pressure on prices easing.
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