The median house price listed in Piercemont this month is $59,250.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Piercemont has not many at all compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Piercemont is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Piercemont 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.
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.