Recognizing two issues in the market, one of our top investors found a new way to make things work.
Furry Creek Home Price
The median asking price in Furry Creek is $1,599,000, a substantial increase over the median three months ago which was $2,093,500 .
The $1,599,000 price tag on the median Furry Creek home means that it is quite highly priced by Canadian standards.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Furry Creek has not many at all compared to the rest of the province
Can we guarantee how well Furry Creek is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Furry Creek there is more stock than three months ago. This would indicate pressure on prices easing.
Will prices rise across the next year in in Furry Creek? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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