Bas-Caraquet, New Brunswick has a median house price of $54,900 when compiling all the home listings in Aug .
Bas-Caraquet’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Bas-Caraquet will hopefully provide an indicator to help you where to research in-depth
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 Bas-Caraquet, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 4.
When we look at the data we have, it can help with trying to establish whether or not Bas-Caraquet is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.