When looking across the province, Westfield is the 106th most expensive in New Brunswick.
Westfield, New Brunswick has a median house price of $184,450 when compiling all the home listings in Dec .
This month we track 271th neighbourhoods in New Brunswick, and Westfield has the 271th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Westfield is a good investment target.
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 Westfield, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
Can we guarantee how well Westfield 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.
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.