Recognizing two issues in the market, one of our top investors found a new way to make things work.
Senneville Home Price
With a median listing price of $539,000, Senneville is Canada’s 351th most expensive when ordered by median listing price.
Want a cheaply priced house? Then at $539,000 this month, Senneville, Quebec is definitely not for you price wise.
Investors looking for properties in Senneville are most likely to find 4 bedroom homes on offer this month, with 5 bedroom potential investment properties the second most popular.
From our data, it appears that neighbourhood is number 1795th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
When we look at the data we have, it can help with trying to establish whether or not Senneville is a good investment target.
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 Senneville, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 21, this month we show 12.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
As one of Quebec’s many potential real estate investment neighbourhoods, Senneville needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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.
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