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Spring Bay, ON

Updated: Aug 2016
House
Median price $319,000
Monthly growth 4.41 %
Quarterly trend
Stock on market 0.32%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Spring Bay Home Price

Across the nation CREW lists data for 5162 neighbourhoods, and this month Spring Bay is number 1290 putting it in the top half of the country .

While the median for Ontario is $349,900 , which means that Spring Bay’s median price is $319,000 better than average than the rest of the province.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Spring Bay has fewer than average compared to the rest of the province

Is Spring Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

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.

Is Spring Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Spring Bay have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
3 bedrooms $319,000
Demographics
  • Total private dwellings1541
  • Private dwellings occupied by usual residents881
  • Population density per square kilometre4.5
  • Land area (square km)431.53
  • Population in 20111958
  • Population in 20061944
  • 2006 to 2011 population change (%)0.7