In Aug the median listed house price of $283,250 in Oakville was an above average compared to the rest of Manitoba.
Oakville’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
According to our stats, Oakville is the neighbourhood that has the 77th most properties available to real estate investors in Manitoba.
Is Oakville a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Oakville, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 17, this month we show 10.
It’s never an exact art, but to try to forecast how property is going to appreciate in Oakville for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Oakville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.