The median house price listed in Morden this month is $259,900.
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.
There are 250 neighbourhoods that have more properties on sale than Morden at the moment in Manitoba which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Morden is a good investment target.
In Morden, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Morden is number 594 putting it in the bottom half of the country .
The median house price listed in Morden this month is $198,000.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 11th neighbourhoods in Manitoba, and Morden has the 11th most choice available for real estate investors.
As one of Manitoba’s many potential real estate investment neighbourhoods, Morden 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.
If you are looking at investment properties in Morden, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.