When our research team crunched the numbers we calculated that Balmoral has a median home price of $372,400.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
This month we track 158th neighbourhoods in Manitoba, and Balmoral has the 158th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Balmoral will hopefully provide an indicator to help you where to research in-depth
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 Balmoral, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 4, this month we show 4.
It’s never an exact art, but to try to forecast how property is going to appreciate in Balmoral 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.