Want a cheaply priced house? Then at $89,900 this month, Riverside, Manitoba do not consider price wise.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Riverside has more than the average number to choose from compared to the rest of the province
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Riverside will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Riverside there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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.
Can we guarantee how well Riverside 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.
In Riverside, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.