Recognizing two issues in the market, one of our top investors found a new way to make things work.
Priddis Home Price
With a median listing price of $1,149,000, Priddis is Canada’s 47th most expensive when ordered by median listing price.
With Priddis’s median house price at $1,149,000 in Aug , it is high priced compared to the rest of Alberta.
Across Alberta Priddis has the 117th most properties on offer with 339.
Is Priddis a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Priddis, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Canada’s national median home listing price this month is $244,900, which means that Priddis is in the top 20% for Canada.
The $488,450 price tag on the median Priddis home means that it is quite highly priced by Canadian standards.
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.
According to our stats, Priddis is the neighbourhood that has the 60th most properties available to real estate investors in Alberta.
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 Priddis, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 6, this month we show 4.
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