Across the nation CREW lists data for 5162 neighbourhoods, and this month Union Bay is number 664 putting it ahead of most neighbourhoods .
Union Bay, British Columbia has a median house price of $421,950 when compiling all the home listings in Aug .
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
According to our stats, Union Bay is the neighbourhood that has the 208th most properties available to real estate investors in British Columbia.
When we look at the data we have, it can help with trying to establish whether or not Union Bay is a good investment target.
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 Union Bay have dried up which would tend to indicate that demand is higher than the supply of new properties.
It’s never an exact art, but to try to forecast how property is going to appreciate in Union Bay for investors, it’s important to look at data like:
Over the last three months in Union Bay, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.