Ta Ta Creek was Canada’s 161th most expensive suburb by listed median house price this month.
While the median for British Columbia is $519,000 , which means that Ta Ta Creek’s median price is $699,900 considerably better than the rest of the province.
Ta Ta Creek’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
There are 359 neighbourhoods that have more properties on sale than Ta Ta Creek at the moment in British Columbia which puts the neighbourhood lowest fifth 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 Ta Ta Creek 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 Ta Ta Creek, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.
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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Ta Ta Creek will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.