Canada’s national median home listing price this month is $285,000, which means that Scotch Ridge is in the top 40% for Canada.
Scotch Ridge, New Brunswick has a median house price of $267,450 when compiling all the home listings in Sep .
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Sep this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 307th neighbourhoods in New Brunswick, and Scotch Ridge has the 307th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Scotch Ridge for investors, it’s important to look at data like:
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 Scotch Ridge, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.
When we look at the data we have, it can help with trying to establish whether or not Scotch Ridge is a good investment target.
Over the last three months in Scotch Ridge, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.