Chatham Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Chatham is number 3190 putting it in the bottom half of the country .
While the median for Ontario is $349,900 , which means that Chatham’s median price is $184,900 below average than the rest of the province.
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, Chatham is the neighbourhood that has the 27th most properties available to real estate investors in Ontario.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Chatham will hopefully provide an indicator to help you where to research in-depth
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 Chatham have dried up which would tend to indicate that demand is higher than the supply of new properties.
Chatham was Canada’s 986th most expensive suburb by listed median house price this month.
With Chatham’s median house price at $104,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
If you’re looking at investment properties in Chatham, then you’re most likely to find homes with 2 bedrooms on sale this month.
There are 196 neighbourhoods that have more properties on sale than Chatham at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Chatham there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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