Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.
Drummond Home Price
The median asking price in Drummond is $136,900, quite a drop from the median three months ago which was $139,500 .
Drummond, New Brunswick has a median house price of $136,900 when compiling all the home listings in Aug .
Across New Brunswick Drummond has the 30th most properties on offer with 421.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Drummond 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 Drummond, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 35, this month we show 31.
In Aug the median listed house price of $106,950 in Drummond was relatively low compared to the rest of New Brunswick.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Across New Brunswick Drummond has the 23th most properties on offer with 32.
New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2023 Canadian Estate Wealth. All Rights Reserved by Merged Media