Across the country as a whole, Passekeag is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $249,950 in Passekeag was an impressive compared to the rest of New Brunswick.
4 bedroom properties are the most common available for real estate investors this month in neighbourhood.
Will prices rise across the next year in in Passekeag? There are a number of real estate indicators to consider.
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 Passekeag, 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 2, this month we show 2.
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.