In Aug the median listed house price of $204,950 in Onaping was relatively low compared to the rest of Ontario.
Onaping’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
According to our stats, Onaping is the neighbourhood that has the 538th most properties available to real estate investors in Ontario.
Can we guarantee how well Onaping 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.
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 Onaping, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 6, this month we show 10.
When we look at the data we have, it can help with trying to establish whether or not Onaping is a good investment target.
In Onaping, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.