The median house price listed in Gimli this month is $201,900.
Across Manitoba Gimli has the 7th most properties on offer with 250.
It’s never an exact art, but to try to forecast how property is going to appreciate in Gimli for investors, it’s important to look at data like:
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 Gimli, 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 74, this month we show 74.
Canada’s national median home listing price this month is $244,900, which means that Gimli is in the cheapest 20% for Canada.
When our research team crunched the numbers we calculated that Gimli has a median home price of $119,900.
Investors looking for properties in Gimli are most likely to find 1 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
Manitoba has the sixth most amount of properties available to property investors, with Gimli having 3rd most in the province, out of a total of 25.
As one of Manitoba’s many potential real estate investment neighbourhoods, Gimli 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 Gimli there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.