In Aug the median listed house price of $294,500 in South Mountain was a below average compared to the rest of Ontario.
This month we track 516th neighbourhoods in Ontario, and South Mountain has the 516th most choice available for real estate investors.
Is South Mountain a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
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.
As one of Ontario’s many potential real estate investment neighbourhoods, South Mountain 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.
Over the last three months in South Mountain, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.