The $219,500 price tag on the median Port Hardy home means that it is about average price.
If you’re looking at investment properties in Port Hardy, then you’re most likely to find homes with 3 bedrooms on sale this month.
According to our stats, Port Hardy is the neighbourhood that has the 128th most properties available to real estate investors in British Columbia.
Is Port Hardy a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Canada’s national median home listing price this month is $244,900, which means that Port Hardy is in the cheapest 20% for Canada.
When our research team crunched the numbers we calculated that Port Hardy has a median home price of $55,000.
Port Hardy’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
This month we track 95th neighbourhoods in British Columbia, and Port Hardy has the 95th most choice available for real estate investors.
Can we guarantee how well Port Hardy 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Port Hardy there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.