Recognizing two issues in the market, one of our top investors found a new way to make things work.
King Home Price
The median asking price in King is $1,948,000, a substantial increase over the median three months ago which was $1,399,000 .
The median house price listed in King this month is $1,948,000.
4 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for King will hopefully provide an indicator to help you where to research in-depth
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in King have increased which would tend to indicate that demand is not as high as supply.
Canada’s national median home listing price this month is $244,900, which means that King is in the top 20% for Canada.
In Aug the median listed house price of $389,000 in King was an impressive compared to the rest of Ontario.
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.
This month we track 62th neighbourhoods in Ontario, and King has the 62th most choice available for real estate investors.
Can we guarantee how well King 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.
Over the last three months in King, housing stock available seems to be falling – this could mean that homes values might increase faster.
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