Across the country as a whole, Gagetown is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $159,900 in Gagetown was an above average compared to the rest of New Brunswick.
This month we track 158th neighbourhoods in New Brunswick, and Gagetown has the 158th 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 Gagetown for investors, it’s important to look at data like:
In Gagetown, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Is Gagetown a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.