In Aug the median listed house price of $125,000 in Wilcox was relatively low compared to the rest of Saskatchewan.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Wilcox will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Wilcox 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.
Over the last three months in Wilcox, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.