Salisbury was Canada’s 3610th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $164,900 in Salisbury was an above average compared to the rest of New Brunswick.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
When we look at the data we have, it can help with trying to establish whether or not Salisbury is a good investment target.
If you are looking at investment properties in Salisbury, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Salisbury 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.