Canada’s national median home listing price this month is $319,000, which means that Makwa is in the bottom 40% for Canada.
When our research team crunched the numbers we calculated that Makwa has a median home price of $171,000.
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 367 neighbourhoods that have more properties on sale than Makwa at the moment in Saskatchewan which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Saskatchewan 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.
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 Makwa, 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 2, this month we show 2.
When we look at the data we have, it can help with trying to establish whether or not Makwa is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.