When looking across the province, Myrnam is the 297th most expensive in Alberta.
The $135,000 price tag on the median Myrnam home means that it is very cheap in comparison to the rest of the nation.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 160th neighbourhoods in Alberta, and Myrnam has the 160th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Myrnam for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Myrnam there is more stock than three months ago. This would indicate pressure on prices easing.
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.
Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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.