Canada’s national median home listing price this month is $290,900, which means that Shippagan is in the bottom 40% for Canada.
When our research team crunched the numbers we calculated that Shippagan has a median home price of $175,000.
4 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, Shippagan is the neighbourhood that has the 101th most properties available to real estate investors in New Brunswick.
Can we guarantee how well Shippagan is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Over the last three months in Shippagan, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
When looking across the province, Shippagan is the 2nd most expensive in New Brunswick.
While the median for New Brunswick is $149,900 , which means that Shippagan’s median price is $242,450 better than average than the rest of the province.
This month we track 23th neighbourhoods in New Brunswick, and Shippagan has the 23th most choice available for real estate investors.
Is Shippagan a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Shippagan there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.