Miminegash was Canada’s 4097th most expensive suburb by listed median house price this month.
With Miminegash’s median house price at $37,200 in Dec , it is one of the cheapest neighbourhoods compared to the rest of Prince Edward Island.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Dec this neighbourhood’s most common listing the same as the national average.
Prince Edward Island has the fifth least amount of properties available to property investors, with Miminegash having 114th most in the province, out of a total of 186.
Will prices rise across the next year in in Miminegash? There are a number of real estate indicators to consider.
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 Miminegash, 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.
Prince Edward Island 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.
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.