Want a cheaply priced house? Then at $210,000 this month, Tracadie, New Brunswick is definitely not for you price wise.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Tracadie 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.
In Tracadie, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Tracadie was Canada’s 515th most expensive suburb by listed median house price this month.
The $212,500 price tag on the median Tracadie home means that it is about average price.
There are 32 neighbourhoods that have more properties on sale than Tracadie at the moment in New Brunswick which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Tracadie 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 Tracadie have stayed pretty much the same which would tend to indicate that demand is steady.