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.
St. Louis Home Price
The median asking price in St. Louis is $203,450, pretty close to the median three months ago which was $109,900 .
In Jan the median listed house price of $203,450 in St. Louis was an above average compared to the rest of Prince Edward Island.
St. Louis’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
Prince Edward Island has the fifth least amount of properties available to property investors, with St. Louis having 111th most in the province, out of a total of 168.
Can we guarantee how well St. Louis is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In St. Louis, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in St. Louis there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Corresponding census subdivisions are provided for the following place names where data is not available.
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