When looking across the province, Swan River is the 173th most expensive in Manitoba.
Want a cheaply priced house? Then at $162,450 this month, Swan River, Manitoba is somewhere that you should look at price wise.
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.
According to our stats, Swan River is the neighbourhood that has the 18th most properties available to real estate investors in Manitoba.
As one of Manitoba’s many potential real estate investment neighbourhoods, Swan River 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.
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 Swan River, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 54, this month we show 46.
With a median listing price of $265,000, Swan River is Canada’s 311th most expensive when ordered by median listing price.
While the median for Manitoba is $214,900 , which means that Swan River’s median price is $265,000 better than average than the rest of the province.
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.
There are 25 neighbourhoods that have more properties on sale than Swan River at the moment in Manitoba which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Swan River 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.