Canada’s national median home listing price this month is $290,900, which means that Oromocto is close to average for Canada.
The $208,500 price tag on the median Oromocto home means that it is about average price.
Investors looking for properties in Oromocto are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
From our data, it appears that neighbourhood is number 234th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
It’s never an exact art, but to try to forecast how property is going to appreciate in Oromocto for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Across the country as a whole, Oromocto is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Oromocto has a median home price of $156,900.
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.
From our data, it appears that neighbourhood is number 719th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
When we look at the data we have, it can help with trying to establish whether or not Oromocto is a good investment target.
In Oromocto, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.