If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Warner Home Price
When looking across the province, Warner is the 259th most expensive in Alberta.
The $171,800 price tag on the median Warner home means that it is below the national norm.
According to our stats, Warner is the neighbourhood that has the 191th most properties available to real estate investors in Alberta.
Alberta 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.
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 Warner, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 5, this month we show 6.
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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Warner will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Warner 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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