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.
Stanhope Home Price
When looking across the province, Stanhope is the 70th most expensive in Prince Edward Island.
When our research team crunched the numbers we calculated that Stanhope has a median home price of $227,400.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
According to our stats, Stanhope is the neighbourhood that has the 9th most properties available to real estate investors in Prince Edward Island.
Will prices rise across the next year in in Stanhope? There are a number of real estate indicators to consider.
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.
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.
Over the last three months in Stanhope, 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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