Across the nation CREW lists data for 5162 neighbourhoods, and this month Russell is number 2650 putting it in the bottom half of the country .
While the median for Manitoba is $264,900 , which means that Russell’s median price is $214,500 below average than the rest of the province.
If you’re looking at investment properties in Russell, then you’re most likely to find homes with 3 bedrooms on sale this month.
Across Manitoba Russell has the 37th most properties on offer with 250.
Is Russell 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 Russell, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 23, this month we show 24.
Can we guarantee how well Russell is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
If you are looking at investment properties in Russell, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.