When looking across the province, Lake George is the 84th most expensive in New Brunswick.
In Aug the median listed house price of $209,900 in Lake George was an impressive compared to the rest of New Brunswick.
This month we track 178th neighbourhoods in New Brunswick, and Lake George has the 178th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Lake George is a good investment target.
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 Lake George, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 4, this month we show 4.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lake George for investors, it’s important to look at data like: