Cumberland Bay was Canada’s 1684th most expensive suburb by listed median house price this month.
The $279,900 price tag on the median Cumberland Bay home means that it is above the cost of most houses in the country.
Cumberland Bay’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Cumberland Bay has more than the average number to choose from compared to the rest of the province
New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Cumberland Bay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
When we look at the data we have, it can help with trying to establish whether or not Cumberland Bay is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Cumberland Bay have stayed pretty much the same which would tend to indicate that demand is steady.