Sandy MacKay, a top local realtor from the Hamilton area, says that investors should be paying attention to the city as it has a lot to offer.
Montrose Home Price
With a median listing price of $294,450, Montrose is Canada’s 1540th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Montrose has a median home price of $294,450.
There are 218 neighbourhoods that have more properties on sale than Montrose at the moment in Prince Edward Island which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Montrose for investors, it’s important to look at data like:
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 Montrose, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Montrose there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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