When looking across the province, Newburg is the 287th most expensive in New Brunswick.
Newburg, New Brunswick has a median house price of $107,450 when compiling all the home listings in Oct .
There are 408 neighbourhoods that have more properties on sale than Newburg at the moment in New Brunswick which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is Newburg a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Newburg there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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.
Can we guarantee how well Newburg is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.