Canada’s national median home listing price this month is $244,900, which means that Port Alberni is in the bottom 40% for Canada.
With Port Alberni’s median house price at $189,450 in Aug , it is below average compared to the rest of British Columbia.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
British Columbia has the third most amount of properties available to property investors, with Port Alberni having 66th most in the province, out of a total of 124.
It’s never an exact art, but to try to forecast how property is going to appreciate in Port Alberni 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 Port Alberni, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 18, this month we show 14.