Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.
Blacks Harbour Home Price
When looking across the province, Blacks Harbour is the 381th most expensive in New Brunswick.
When our research team crunched the numbers we calculated that Blacks Harbour has a median home price of $69,200.
Blacks Harbour’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Blacks Harbour needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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 Blacks Harbour, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 10, this month we show 8.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Blacks Harbour there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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