With St. Francois Xavier’s median house price at $434,450 in Aug , it is high priced compared to the rest of Manitoba.
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.
There are 250 neighbourhoods that have more properties on sale than St. Francois Xavier at the moment in Manitoba which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Will prices rise across the next year in in St. Francois Xavier? 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 St. Francois Xavier, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 18, this month we show 16.
As one of Manitoba’s many potential real estate investment neighbourhoods, St. Francois Xavier needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.