Across the nation CREW lists data for 5108 neighbourhoods, and this month Brokenhead is number 1682 putting it in the top half of the country .
With Brokenhead’s median house price at $269,950 in Sep , it is above average compared to the rest of Manitoba.
There are 254 neighbourhoods that have more properties on sale than Brokenhead at the moment in Manitoba which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Manitoba’s many potential real estate investment neighbourhoods, Brokenhead 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Brokenhead there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Sep this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Brokenhead for investors, it’s important to look at data like: