Across the nation CREW lists data for 4774 neighbourhoods, and this month Baker Brook is number 4727 putting it behind most of Canada .
The $53,000 price tag on the median Baker Brook home means that it is very cheap in comparison to the rest of the nation.
This month we track 245th neighbourhoods in New Brunswick, and Baker Brook has the 245th most choice available for real estate investors.
Will prices rise across the next year in in Baker Brook? There are a number of real estate indicators to consider.
In Baker Brook, 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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Sep this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Baker Brook 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Baker Brook there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.