When looking across the province, Gilbert Plains is the 236th most expensive in Manitoba.
In Aug the median listed house price of $89,900 in Gilbert Plains was relatively low compared to the rest of Manitoba.
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.
Across Manitoba Gilbert Plains has the 70th most properties on offer with 250.
As one of Manitoba’s many potential real estate investment neighbourhoods, Gilbert Plains 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 Gilbert Plains there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
It’s never an exact art, but to try to forecast how property is going to appreciate in Gilbert Plains 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.