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.
Wilmot Home Price
When looking across the province, Wilmot is the 102th most expensive in Prince Edward Island.
In Aug the median listed house price of $196,950 in Wilmot was an above average compared to the rest of Prince Edward Island.
Wilmot’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Wilmot has not many at all compared to the rest of the province
Will prices rise across the next year in in Wilmot? There are a number of real estate indicators to consider.
If you are looking at investment properties in Wilmot, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
It’s never an exact art, but to try to forecast how property is going to appreciate in Wilmot for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media