The median asking price in Midway is $323,000, a substantial increase over the median three months ago which was $249,000 .
In Aug the median listed house price of $323,000 in Midway was an above average compared to the rest of British Columbia.
This month we track 115th neighbourhoods in British Columbia, and Midway has the 115th most choice available for real estate investors.
As one of British Columbia’s many potential real estate investment neighbourhoods, Midway 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Midway there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.