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.
Sherwood Home Price
With a median listing price of $212,400, Sherwood is Canada’s 2682th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Sherwood has a median home price of $212,400.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Sherwood has a huge choice compared to the rest of the province
Is Sherwood a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Canada’s national median home listing price this month is $244,900, which means that Sherwood is in the top 20% for Canada.
The $622,500 price tag on the median Sherwood home means that it is quite highly priced by Canadian standards.
This month we track 8th neighbourhoods in Prince Edward Island, and Sherwood has the 8th most choice available for real estate investors.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Sherwood 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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