Old Ridge was Canada’s 2525th most expensive suburb by listed median house price this month.
In Jun the median listed house price of $224,900 in Old Ridge was an impressive compared to the rest of New Brunswick.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Old Ridge has not many at all compared to the rest of the province
New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
When we look at the data we have, it can help with trying to establish whether or not Old Ridge is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Old Ridge there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.