Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
Warkworth Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Warkworth is number 1222 putting it ahead of most neighbourhoods .
The median house price listed in Warkworth this month is $324,900.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Ontario has the most amount of properties available to property investors, with Warkworth having 567th most in the province, out of a total of 1145.
Will prices rise across the next year in in Warkworth? There are a number of real estate indicators to consider.
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 Warkworth, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 16, this month we show 9.
As one of Ontario’s many potential real estate investment neighbourhoods, Warkworth needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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.
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