Across the nation CREW lists data for 5162 neighbourhoods, and this month Plevna is number 3401 putting it in the bottom half of the country .
With Plevna’s median house price at $174,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
Across Ontario Plevna has the 784th most properties on offer with 1145.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Plevna will hopefully provide an indicator to help you where to research in-depth
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 Plevna, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 7, this month we show 4.
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.
Can we guarantee how well Plevna 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.
Over the last three months in Plevna, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.