Across the nation CREW lists data for 5260 neighbourhoods, and this month Summerfield is number 5215 putting it behind most of Canada .
Summerfield, New Brunswick has a median house price of $50,500 when compiling all the home listings in May .
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
There are 416 neighbourhoods that have more properties on sale than Summerfield at the moment in New Brunswick which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Summerfield for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Summerfield there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When we look at the data we have, it can help with trying to establish whether or not Summerfield is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Summerfield have stayed pretty much the same which would tend to indicate that demand is steady.