The median asking price in Prince Albert is $239,900, pretty close to the median three months ago which was $255,000 .
Prince Albert, Saskatchewan has a median house price of $239,900 when compiling all the home listings in Aug .
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
According to our stats, Prince Albert is the neighbourhood that has the 3rd most properties available to real estate investors in Saskatchewan.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Prince Albert will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Prince Albert there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
With Prince Albert’s median house price at $269,900 in Aug , it is above average compared to the rest of Saskatchewan.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 141th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Prince Albert needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.