Across the country as a whole, Cap-Pelé is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $153,400 price tag on the median Cap-Pelé home means that it is below the national norm.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in May this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Cap-Pelé has a huge choice compared to the rest of the province
Will prices rise across the next year in in Cap-Pelé? There are a number of real estate indicators to consider.
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 Cap-Pelé, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 28, this month we show 32.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Cap-Pelé 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 Cap-Pelé, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.