Want a cheaply priced house? Then at $189,900 this month, Lincoln, New Brunswick is probably not for you price wise.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 421 neighbourhoods that have more properties on sale than Lincoln at the moment in New Brunswick which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Lincoln 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 Lincoln, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 27, this month we show 11.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lincoln will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.