Canada’s national median home listing price this month is $290,900, which means that Oak Bay is close to average for Canada.
With Oak Bay’s median house price at $189,900 in Aug , it is above average compared to the rest of New Brunswick.
Oak Bay’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
Across New Brunswick Oak Bay has the 72th most properties on offer with 421.
It’s never an exact art, but to try to forecast how property is going to appreciate in Oak Bay for investors, it’s important to look at data like:
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 Oak Bay have dried up which would tend to indicate that demand is higher than the supply of new properties.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Oak Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.