Sandy MacKay, a top local realtor from the Hamilton area, says that investors should be paying attention to the city as it has a lot to offer.
Freeland Home Price
The median asking price in Freeland is $112,500, quite a drop from the median three months ago which was $97,250 .
In Aug the median listed house price of $112,500 in Freeland was relatively low compared to the rest of Prince Edward Island.
Prince Edward Island has the fourth least amount of properties available to property investors, with Freeland having 140th most in the province, out of a total of 218.
It’s never an exact art, but to try to forecast how property is going to appreciate in Freeland for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Freeland there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Freeland will hopefully provide an indicator to help you where to research in-depth
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