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.
Erieau Home Price
Across the country as a whole, Erieau is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Erieau this month is $457,000.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
Is Erieau a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Erieau, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.
It’s never an exact art, but to try to forecast how property is going to appreciate in Erieau for investors, it’s important to look at data like:
Over the last three months in Erieau, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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