Canada’s national median home listing price this month is $290,900, which means that Charlo is in the bottom 40% for Canada.
In Aug the median listed house price of $169,900 in Charlo was an above average compared to the rest of New Brunswick.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Can we guarantee how well Charlo 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.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Will prices rise across the next year in in Charlo? There are a number of real estate indicators to consider.
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.