Across the country as a whole, Portage la Prairie is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
Portage la Prairie, Manitoba has a median house price of $224,950 when compiling all the home listings in Aug .
Investors looking for properties in Portage la Prairie are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
This month we track 4th neighbourhoods in Manitoba, and Portage la Prairie has the 4th most choice available for real estate investors.
Will prices rise across the next year in in Portage la Prairie? 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 Portage la Prairie, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 120, this month we show 106.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Portage la Prairie is number 1 putting it ahead of most neighbourhoods .
The median house price listed in Portage la Prairie this month is $4,250,000.
Manitoba has the sixth most amount of properties available to property investors, with Portage la Prairie having 12th most in the province, out of a total of 25.
Is Portage la Prairie a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Portage la Prairie, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.