Petit Rocher was Canada’s 4380th most expensive suburb by listed median house price this month.
The $124,900 price tag on the median Petit Rocher home means that it is very cheap in comparison to the rest of the nation.
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.
This month we track 178th neighbourhoods in New Brunswick, and Petit Rocher has the 178th most choice available for real estate investors.
Can we guarantee how well Petit Rocher 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Petit Rocher, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 4.
When we look at the data we have, it can help with trying to establish whether or not Petit Rocher is a good investment target.
In Petit Rocher, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.