Across the country as a whole, Altona is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $214,950 in Altona was an above average compared to the rest of Manitoba.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Altona has a huge choice compared to the rest of the province
Is Altona 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 Altona, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 64, this month we show 54.
Canada’s national median home listing price this month is $244,900, which means that Altona is close to average for Canada.
When our research team crunched the numbers we calculated that Altona has a median home price of $210,000.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 15th neighbourhoods in Manitoba, and Altona has the 15th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Altona for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.