In Aug the median listed house price of $164,500 in Greenfield 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 the same as the national average.
This month we track 224th neighbourhoods in New Brunswick, and Greenfield has the 224th most choice available for real estate investors.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Greenfield 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.
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 Greenfield, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 3.
Is Greenfield a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Greenfield have stayed pretty much the same which would tend to indicate that demand is steady.