Across the country as a whole, St. Thomas is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $198,900 this month, St. Thomas, New Brunswick is probably not for you price wise.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 2886th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
Can we guarantee how well St. Thomas 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.
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 St. Thomas, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 8, this month we show 5.
Is St. Thomas a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.