The median asking price in Shell Lake is $262,400, an improvement on the median three months ago which was $222,500 .
Shell Lake, Saskatchewan has a median house price of $262,400 when compiling all the home listings in Aug .
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Shell Lake has a pretty average amount compared to the rest of the province
Can we guarantee how well Shell Lake 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.
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 Shell Lake, 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 8.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Is Shell Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Shell Lake have stayed pretty much the same which would tend to indicate that demand is steady.