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.
South Rustico Home Price
The median asking price in South Rustico is $124,900, quite a drop from the median three months ago which was $127,500 .
The median house price listed in South Rustico this month is $124,900.
This month we track 74th neighbourhoods in Prince Edward Island, and South Rustico has the 74th most choice available for real estate investors.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, South Rustico 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.
In South Rustico, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
When we look at the data we have, it can help with trying to establish whether or not South Rustico is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in South Rustico there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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