According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Miscouche Home Price
In Aug the median listed house price of $146,500 in Miscouche was a below average compared to the rest of Prince Edward Island.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Miscouche has a huge choice compared to the rest of the province
Is Miscouche a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Miscouche, housing stock available seems to be falling – this could mean that homes values might increase faster.
With a median listing price of $75,400, Miscouche is Canada’s 1025th most expensive when ordered by median listing price.
With Miscouche’s median house price at $75,400 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Prince Edward Island.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are 13 neighbourhoods that have more properties on sale than Miscouche at the moment in Prince Edward Island which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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