The median asking price in Sandy Lake is $134,500, quite a drop from the median three months ago which was $134,900 .
The $134,500 price tag on the median Sandy Lake home means that it is very cheap in comparison to the rest of the nation.
Sandy Lake’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
This month we track 158th neighbourhoods in Manitoba, and Sandy Lake has the 158th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Sandy Lake is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Sandy Lake 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.
Is Sandy Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Sandy Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.