If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Eriksdale Home Price
With a median listing price of $103,700, Eriksdale is Canada’s 4648th most expensive when ordered by median listing price.
Want a cheaply priced house? Then at $103,700 this month, Eriksdale, Manitoba do not consider price wise.
Eriksdale’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Manitoba has the sixth least amount of properties available to property investors, with Eriksdale having 117th most in the province, out of a total of 250.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Eriksdale 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 Eriksdale there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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.
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