Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.
Powell River Home Price
With a median listing price of $329,900, Powell River is Canada’s 1169th most expensive when ordered by median listing price.
With Powell River’s median house price at $329,900 in Aug , it is below average compared to the rest of British Columbia.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
According to our stats, Powell River is the neighbourhood that has the 60th most properties available to real estate investors in British Columbia.
British Columbia 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.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
While the median for British Columbia is $349,000 , which means that Powell River’s median price is $157,000 a lot lower than the rest of the province.
If you’re looking at investment properties in Powell River, then you’re most likely to find homes with 2 bedrooms on sale this month.
Across British Columbia Powell River has the 78th most properties on offer with 124.
It’s never an exact art, but to try to forecast how property is going to appreciate in Powell River for investors, it’s important to look at data like:
In Powell River, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
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