When looking across the province, Utopia is the 66th most expensive in New Brunswick.
When our research team crunched the numbers we calculated that Utopia has a median home price of $224,900.
This month we track 224th neighbourhoods in New Brunswick, and Utopia has the 224th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Utopia will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
When we look at the data we have, it can help with trying to establish whether or not Utopia is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Utopia there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.