Once more, open houses are accepted. The new government policy offers a number of choices for real estate agents organising open houses.
Vilna Home Price
With Vilna’s median house price at $89,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Alberta.
Vilna’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Is Vilna a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Vilna, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 4, this month we show 4.
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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Vilna 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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