Want a cheaply priced house? Then at $159,000 this month, Grand Manan, New Brunswick is a possibility for you price wise.
This month we track 27th neighbourhoods in New Brunswick, and Grand Manan has the 27th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Grand Manan for investors, it’s important to look at data like:
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 Grand Manan, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 39, this month we show 35.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Grand Manan 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 Grand Manan, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.