With a median listing price of $79,900, Sormany is Canada’s 3815th most expensive when ordered by median listing price.
The $79,900 price tag on the median Sormany home means that it is very cheap in comparison to the rest of the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Sormany has not many at all compared to the rest of the province
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.
Over the last three months in Sormany, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Sormany 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.
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.