Somerset Home Price
Canada’s national median home listing price this month is $290,900, which means that Somerset is in the bottom 40% for Canada.
While the median for Manitoba is $264,900 , which means that Somerset’s median price is $159,700 below average than the rest of the province.
If you’re looking at investment properties in Somerset, then you’re most likely to find homes with 4 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
As one of Manitoba’s many potential real estate investment neighbourhoods, Somerset needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Over the last three months in Somerset, housing stock available seems to be falling – this could mean that homes values might increase faster.
If you are looking at investment properties in Somerset, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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