In Aug the median listed house price of $99,900 in Bathurst was relatively low compared to the rest of New Brunswick.
Bathurst’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
According to our stats, Bathurst is the neighbourhood that has the 9th most properties available to real estate investors in New Brunswick.
Can we guarantee how well Bathurst 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bathurst there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
The $99,900 price tag on the median Bathurst home means that it is very cheap in comparison to the rest of the nation.
This month we track 5th neighbourhoods in New Brunswick, and Bathurst has the 5th most choice available for real estate investors.
Is Bathurst a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Bathurst, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.