Canada’s national median home listing price this month is $290,900, which means that Mitchell is in the top 40% for Canada.
While the median for Manitoba is $264,900 , which means that Mitchell’s median price is $279,900 better than average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Manitoba has the sixth least amount of properties available to property investors, with Mitchell having 14th most in the province, out of a total of 250.
Is Mitchell a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Mitchell have dried up which would tend to indicate that demand is higher than the supply of new properties.
When looking across the province, Mitchell is the 20th most expensive in Manitoba.
Want a cheaply priced house? Then at $157,400 this month, Mitchell, Manitoba is somewhere that you should look at price wise.
Mitchell’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 3 bedrooms.
This month we track 18th neighbourhoods in Manitoba, and Mitchell has the 18th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Mitchell for investors, it’s important to look at data like:
If you are looking at investment properties in Mitchell, 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.