Once more, open houses are accepted. The new government policy offers a number of choices for real estate agents organising open houses.
Legal Home Price
The median asking price in Legal is $315,000, an improvement on the median three months ago which was $279,200 .
In Aug the median listed house price of $315,000 in Legal was an above average compared to the rest of Alberta.
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.
There are 339 neighbourhoods that have more properties on sale than Legal at the moment in Alberta which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Alberta’s many potential real estate investment neighbourhoods, Legal needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
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 Legal have stayed pretty much the same which would tend to indicate that demand is steady.
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