With a median listing price of $329,900, Hanover is Canada’s 1169th most expensive when ordered by median listing price.
With Hanover’s median house price at $329,900 in Aug , it is high priced 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 the average number of bedrooms than the most commonly available across the nation.
There are 250 neighbourhoods that have more properties on sale than Hanover at the moment in Manitoba which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Hanover will hopefully provide an indicator to help you where to research in-depth
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.
Manitoba has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Hanover there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.