In Aug the median listed house price of $232,400 in Picadilly was an impressive compared to the rest of New Brunswick.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
New Brunswick has the seventh most amount of properties available to property investors, with Picadilly having 306th most in the province, out of a total of 421.
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.
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 Picadilly, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 2.
It’s never an exact art, but to try to forecast how property is going to appreciate in Picadilly 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 Picadilly there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.