Last month, North Cobalt was Canada’s 2833th priciest – this month at number 2833 it’s gained 106 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.
When our research team crunched the numbers we calculated that North Cobalt has a median home price of $169,900.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Across Ontario North Cobalt has the 815th most properties on offer with 1127.
Ontario 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In North Cobalt, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 2, this month we show 3.
Is North Cobalt a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in North Cobalt, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.