With Shoal Lake’s median house price at $119,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Manitoba.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
According to our stats, Shoal Lake is the neighbourhood that has the 45th most properties available to real estate investors in Manitoba.
It’s never an exact art, but to try to forecast how property is going to appreciate in Shoal Lake for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Shoal 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.