The median house price listed in Erb Settlement this month is $206,450.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Erb Settlement has fewer than average compared to the rest of the province
Can we guarantee how well Erb Settlement 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.
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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in May this neighbourhood’s most common listing the same as the national average.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Erb Settlement 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 Erb Settlement, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.