If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Acton Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Acton is number 419 putting it ahead of most neighbourhoods .
In Aug the median listed house price of $499,900 in Acton was an impressive compared to the rest of Ontario.
This month we track 861th neighbourhoods in Ontario, and Acton has the 861th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Acton will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Acton, housing stock available seems to be falling – this could mean that homes values might increase faster.
Can we guarantee how well Acton is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Acton there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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