Meleb was Canada’s 3931th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $149,450 in Meleb was a below average compared to the rest of Manitoba.
Manitoba has the sixth least amount of properties available to property investors, with Meleb having 207th most in the province, out of a total of 250.
When we look at the data we have, it can help with trying to establish whether or not Meleb is a good investment target.
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 Meleb, 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.
Will prices rise across the next year in in Meleb? There are a number of real estate indicators to consider.
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.