When looking across the province, New Richmond is the 382th most expensive in Quebec.
The median house price listed in New Richmond this month is $203,950.
Investors looking for properties in New Richmond are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
Quebec has the second most amount of properties available to property investors, with New Richmond having 312th most in the province, out of a total of 1047.
Will prices rise across the next year in in New Richmond? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in New Richmond there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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.
When we look at the data we have, it can help with trying to establish whether or not New Richmond is a good investment target.
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.