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.
Springvale Home Price
The median asking price in Springvale is $312,000, an improvement on the median three months ago which was $297,000 .
Springvale, Prince Edward Island has a median house price of $312,000 when compiling all the home listings in Aug .
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
This month we track 140th neighbourhoods in Prince Edward Island, and Springvale has the 140th most choice available for real estate investors.
Will prices rise across the next year in in Springvale? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Springvale there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Springvale a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Springvale, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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