Canada’s national median home listing price this month is $290,900, which means that Riverton is in the cheapest 20% for Canada.
Riverton, Manitoba has a median house price of $99,900 when compiling all the home listings in Aug .
This month we track 105th neighbourhoods in Manitoba, and Riverton has the 105th most choice available for real estate investors.
Is Riverton 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 Riverton, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 5, this month we show 7.
It’s never an exact art, but to try to forecast how property is going to appreciate in Riverton for investors, it’s important to look at data like:
In Riverton, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.