Canada’s national median home listing price this month is $290,900, which means that Shilo is in the top 20% for Canada.
Want a cheaply priced house? Then at $364,450 this month, Shilo, Manitoba is definitely not for you price wise.
Investors looking for properties in Shilo are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
According to our stats, Shilo is the neighbourhood that has the 117th most properties available to real estate investors in Manitoba.
Will prices rise across the next year in in Shilo? 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 Shilo, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 12, this month we show 6.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Shilo 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.