When looking across the province, Rossburn is the 246th most expensive in Manitoba.
When our research team crunched the numbers we calculated that Rossburn has a median home price of $75,000.
There are 250 neighbourhoods that have more properties on sale than Rossburn at the moment in Manitoba which puts the neighbourhood top 40% 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 Rossburn is a good investment target.
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 Rossburn, 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 16.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Rossburn will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.