Canada’s national median home listing price this month is $290,900, which means that Caraquet is in the cheapest 20% for Canada.
Want a cheaply priced house? Then at $119,900 this month, Caraquet, New Brunswick is somewhere that you should look at price wise.
Caraquet’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
There are 421 neighbourhoods that have more properties on sale than Caraquet at the moment in New Brunswick which puts the neighbourhood top 40% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Caraquet for investors, it’s important to look at data like:
Over the last three months in Caraquet, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Caraquet 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Caraquet have stayed pretty much the same which would tend to indicate that demand is steady.