Across the nation CREW lists data for 5162 neighbourhoods, and this month Russell is number 2650 putting it in the bottom half of the country .
While the median for Manitoba is $264,900 , which means that Russell’s median price is $214,500 below average than the rest of the province.
If you’re looking at investment properties in Russell, then you’re most likely to find homes with 3 bedrooms on sale this month.
Across Manitoba Russell has the 37th most properties on offer with 250.
Is Russell a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Russell, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 23, this month we show 24.