The median asking price in Upper Cape is $225,000, pretty close to the median three months ago which was $74,900 .
The $225,000 price tag on the median Upper Cape home means that it is about average price.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
There are 433 neighbourhoods that have more properties on sale than Upper Cape at the moment in New Brunswick which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Upper Cape will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Upper Cape there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well Upper Cape 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.
In Upper Cape, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.