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.
New Perth Home Price
Across the nation CREW lists data for 5260 neighbourhoods, and this month New Perth is number 2779 putting it in the bottom half of the country .
While the median for Prince Edward Island is $179,000 , which means that New Perth’s median price is $214,050 below average than the rest of the province.
There are 197 neighbourhoods that have more properties on sale than New Perth at the moment in Prince Edward Island which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well New Perth 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
When we look at the data we have, it can help with trying to establish whether or not New Perth is a good investment target.
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