Canada’s national median home listing price this month is $290,900, which means that Sparta is in the top 20% for Canada.
In Aug the median listed house price of $394,900 in Sparta was an above average compared to the rest of Ontario.
This month we track 861th neighbourhoods in Ontario, and Sparta has the 861th most choice available for real estate investors.
Is Sparta a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Sparta, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 3.
Ontario 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.
Over the last three months in Sparta, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.