Recognizing two issues in the market, one of our top investors found a new way to make things work.
Yellowknife Home Price
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Yellowknife a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
When looking across the province, Yellowknife is the 1st most expensive in Northwest Territories.
Want a cheaply priced house? Then at $336,950 this month, Yellowknife, Northwest Territories is definitely not for you price wise.
Across Northwest Territories Yellowknife has the 1st most properties on offer with 1.
As one of Northwest Territories’s many potential real estate investment neighbourhoods, Yellowknife needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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 Yellowknife, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.
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