Across the country as a whole, Elm Creek 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 $210,000 in Elm Creek was a below 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.
This month we track 140th neighbourhoods in Manitoba, and Elm Creek has the 140th most choice available for real estate investors.
Will prices rise across the next year in in Elm Creek? There are a number of real estate indicators to consider.
Over the last three months in Elm Creek, housing stock available seems to be falling – this could mean that homes values might increase faster.
As one of Manitoba’s many potential real estate investment neighbourhoods, Elm Creek 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.
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.