Canada’s national median home listing price this month is $290,900, which means that Lowe Farm is in the bottom 40% for Canada.
With Lowe Farm’s median house price at $139,900 in Aug , it is below average compared to the rest of Manitoba.
There are 250 neighbourhoods that have more properties on sale than Lowe Farm at the moment in Manitoba which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
As one of Manitoba’s many potential real estate investment neighbourhoods, Lowe Farm 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.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Lowe Farm 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 Lowe Farm, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.