Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Conrich Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Conrich is number 33 putting it ahead of most neighbourhoods .
The median house price listed in Conrich this month is $1,249,900.
This month we track 211th neighbourhoods in Alberta, and Conrich has the 211th most choice available for real estate investors.
Will prices rise across the next year in in Conrich? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Conrich there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When we look at the data we have, it can help with trying to establish whether or not Conrich is a good investment target.
In Conrich, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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