When looking across the province, Glenella is the 210th most expensive in Manitoba.
With Glenella’s median house price at $62,500 in Dec , it is one of the cheapest neighbourhoods compared to the rest of Manitoba.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Dec this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 215 neighbourhoods that have more properties on sale than Glenella at the moment in Manitoba which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well Glenella 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.
If you are looking at investment properties in Glenella, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
When we look at the data we have, it can help with trying to establish whether or not Glenella is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Glenella there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.