Burk's Falls Home Price
Burk's Falls was Canada’s 2860th most expensive suburb by listed median house price this month.
The $199,900 price tag on the median Burk's Falls home means that it is about average price.
From our data, it appears that neighbourhood is number 699th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
Will prices rise across the next year in in Burk's Falls? 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 Burk's Falls, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 53, this month we show 43.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Burk's Falls is number 608 putting it in the bottom half of the country .
In Aug the median listed house price of $194,900 in Burk's Falls was relatively low compared to the rest of Ontario.
Ontario has the second most amount of properties available to property investors, with Burk's Falls having 149th most in the province, out of a total of 196.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Burk's Falls 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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