With a median listing price of $364,900, Ditch Lake is Canada’s 949th most expensive when ordered by median listing price.
While the median for Manitoba is $264,900 , which means that Ditch Lake’s median price is $364,900 considerably better than the rest of the province.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
Across Manitoba Ditch Lake has the 178th most properties on offer with 250.
Can we guarantee how well Ditch Lake is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Ditch Lake will hopefully provide an indicator to help you where to research in-depth
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.