Across the nation CREW lists data for 5162 neighbourhoods, and this month Terrace is number 1205 putting it ahead of most neighbourhoods .
While the median for British Columbia is $519,000 , which means that Terrace’s median price is $327,400 considerably better than the rest of the province.
If you’re looking at investment properties in Terrace, then you’re most likely to find homes with 3 bedrooms on sale this month.
There are 359 neighbourhoods that have more properties on sale than Terrace at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Is Terrace a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Terrace, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Terrace was Canada’s 786th most expensive suburb by listed median house price this month.
With Terrace’s median house price at $164,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of British Columbia.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
According to our stats, Terrace is the neighbourhood that has the 39th most properties available to real estate investors in British Columbia.
It’s never an exact art, but to try to forecast how property is going to appreciate in Terrace for investors, it’s important to look at data like:
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Terrace have dried up which would tend to indicate that demand is higher than the supply of new properties.