Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
St. Georges Home Price
The $415,000 price tag on the median St. Georges home means that it is quite highly priced by Canadian standards.
According to our stats, St. Georges is the neighbourhood that has the 140th most properties available to real estate investors in Prince Edward Island.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, St. Georges 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in St. Georges for investors, it’s important to look at data like:
If you are looking at investment properties in St. Georges, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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