The median asking price in Penobsquis is $234,900, pretty close to the median three months ago which was $126,700 .
With Penobsquis’s median house price at $234,900 in Aug , it is high priced 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 Penobsquis has a pretty average amount compared to the rest of the province
As one of New Brunswick’s many potential real estate investment neighbourhoods, Penobsquis 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.
Over the last three months in Penobsquis, housing stock available seems to be falling – this could mean that homes values might increase faster.
It’s never an exact art, but to try to forecast how property is going to appreciate in Penobsquis for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Penobsquis there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.