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.
Stanchel Home Price
With Stanchel’s median house price at $425,000 in Aug , it is high priced compared to the rest of Prince Edward Island.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
There are 218 neighbourhoods that have more properties on sale than Stanchel at the moment in Prince Edward Island which puts the neighbourhood middle range when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Stanchel is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Stanchel there is more stock than three months ago. This would indicate pressure on prices easing.
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.
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.
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