Salmo was Canada’s 2058th most expensive suburb by listed median house price this month.
The $249,900 price tag on the median Salmo home means that it is about average price.
If you’re looking at investment properties in Salmo, then you’re most likely to find homes with 3 bedrooms on sale this month.
This month we track 138th neighbourhoods in British Columbia, and Salmo has the 138th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Salmo 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 Salmo there is more stock than three months ago. This would indicate pressure on prices easing.
When looking across the province, Salmo is the 1st most expensive in British Columbia.
The $967,000 price tag on the median Salmo home means that it is quite highly priced by Canadian standards.
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.
From our data, it appears that neighbourhood is number 838th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Is Salmo a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.