The median asking price in South Stormont is $300,000, an improvement on the median three months ago which was $269,500 .
With South Stormont’s median house price at $300,000 in Aug , it is about average compared to the rest of Ontario.
There are 1145 neighbourhoods that have more properties on sale than South Stormont at the moment in Ontario which puts the neighbourhood middle range when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not South Stormont is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In South Stormont, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 6, this month we show 9.
Will prices rise across the next year in in South Stormont? There are a number of real estate indicators to consider.
Over the last three months in South Stormont, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.