Across the nation CREW lists data for 5162 neighbourhoods, and this month Port Elgin is number 1684 putting it in the top half of the country .
When our research team crunched the numbers we calculated that Port Elgin has a median home price of $279,900.
Investors looking for properties in Port Elgin are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Port Elgin 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 Port Elgin, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 60, this month we show 48.
Port Elgin was Canada’s 38th most expensive suburb by listed median house price this month.
With Port Elgin’s median house price at $489,900 in Aug , it is high priced compared to the rest of Ontario.
Ontario has the second most amount of properties available to property investors, with Port Elgin having 73th most in the province, out of a total of 196.
Will prices rise across the next year in in Port Elgin? There are a number of real estate indicators to consider.
If you are looking at investment properties in Port Elgin, 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.