Across the nation CREW lists data for 5162 neighbourhoods, and this month Maces Bay is number 4267 putting it behind most of Canada .
In Aug the median listed house price of $129,900 in Maces Bay was a below average compared to the rest of New Brunswick.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
Across New Brunswick Maces Bay has the 224th most properties on offer with 421.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Maces Bay 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.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
It’s never an exact art, but to try to forecast how property is going to appreciate in Maces Bay 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 Maces Bay have stayed pretty much the same which would tend to indicate that demand is steady.