The $81,500 price tag on the median Fairisle home means that it is very cheap in comparison to the rest of the nation.
This month we track 306th neighbourhoods in New Brunswick, and Fairisle has the 306th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Fairisle for investors, it’s important to look at data like:
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 Fairisle have dried up which would tend to indicate that demand is higher than the supply of new properties.
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.
Will prices rise across the next year in in Fairisle? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.