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.
Granum Home Price
Granum was Canada’s 3649th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $162,450 in Granum was relatively low compared to the rest of Alberta.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 2013th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
Can we guarantee how well Granum 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.
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 Granum, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 12, this month we show 10.
When we look at the data we have, it can help with trying to establish whether or not Granum is a good investment target.
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.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media