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. Peters Bay Home Price
With a median listing price of $105,000, St. Peters Bay is Canada’s 4620th most expensive when ordered by median listing price.
In Aug the median listed house price of $105,000 in St. Peters Bay was relatively low compared to the rest of Prince Edward Island.
Investors looking for properties in St. Peters Bay are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then St. Peters Bay has more than the average number to choose from compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not St. Peters Bay is a good investment target.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
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.
Can we guarantee how well St. Peters Bay 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in St. Peters Bay 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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