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The average house price in Grand Valley is $735,559, based on Strata.ca statistics. If you're looking to buy, 15 are on the market. Houses in this location are sitting on the market for an average of 34 days. So if you're looking to buy a house in Grand Valley, it's important to note that buyers currently have a significant advantage over sellers.
Grand Valley are Grand Valley's most popular neighbourhoods. Strata.ca looks at a number of indicators to rank the communities most in-demand. Some of these factors include the average sale price, how much time a property typically spends on market, and the number of homes that have sold over asking.
Grand Valley's most priciest neighbourhoods are none available. Neighbourhoods are ranked by assessing the average sold price during the past 12 months, and compared to all of the other neighbourhoods in the city. If you're looking for value, Grand Valley's priciest neighbourhoods may not be ideal. Instead, check out Grand Valley for other alternatives.
Every city has neighbourhoods where property values tend to be cheaper - and in Grand Valley they are none available. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. It should be noted that the average house in Grand Valley typically sells for $735,559.
Homeownership in Grand Valley comes with a number of expenses, one of them being property taxes. This tax is used to pay for several essential services, including garbage and recycling collection. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. Some Grand Valley residents assume they'll pay more in taxes, depending on the size of their home. However, that's not necessarily true as the city's tax rate is multiplied by the property's current market value - and that can change each year based on the sale of nearby homes. For example, if the assessed market value of a house is $750,000 and the property tax rate is 0.5% - the homeowner would pay $3,750 to their municipality that year.
Strata.ca features all listings in Grand Valley, updated multiple times daily - you won't ever miss a property when using this platform. This website can show what your neighbour's house sold for last year. Or how much your grandmother's home might be worth in today's market. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.
With a walk score of 39, Grand Valley is a city that often requires a car to get around. For anyone with a bike, this neighbourhood offers more limited bike infrastructure, with a bike score of 38.
When purchasing a house in Grand Valley, you must budget for a series of charges known as 'closing costs'. These costs are necessary in order to finalize your purchase, so be sure to factor them in before making an offer. The average closing costs in this city will typically come to about 1.5% - 2% of the purchase price, although this can vary. For example, 2% in closing costs on an $800,000 house would be $16,000 that you need to budget for. In Canada, all buyers are required to pay a land transfer tax when closing on a property. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. Lastly, you'll need a Grand Valley real estate lawyer, not only to facilitate the financial transaction, but to conduct a title search and register the property under your name. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.