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.
Savage Harbour Home Price
Canada’s national median home listing price this month is $290,900, which means that Savage Harbour is in the cheapest 20% for Canada.
The median house price listed in Savage Harbour this month is $85,000.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
This month we track 14th neighbourhoods in Prince Edward Island, and Savage Harbour has the 14th most choice available for real estate investors.
Can we guarantee how well Savage Harbour 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.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
It’s never an exact art, but to try to forecast how property is going to appreciate in Savage Harbour for investors, it’s important to look at data like:
Over the last three months in Savage Harbour, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media