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Fairmont Home Price
Canada’s national median home listing price this month is $319,000, which means that Fairmont is in the top 20% for Canada.
The $434,000 price tag on the median Fairmont home means that it is quite highly priced by Canadian standards.
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.
From our data, it appears that neighbourhood is number 2350th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.
Is Fairmont a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Fairmont there is more stock than three months ago. This would indicate pressure on prices easing.
Across the country as a whole, Fairmont is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Jul the median listed house price of $434,000 in Fairmont was an impressive compared to the rest of British Columbia.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 3.
The number of homes for sale this month in the neighbourhood has increased substantially at 136 in Jul .
If you are looking at investment properties in Fairmont, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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