Petitcodiac was Canada’s 4562th most expensive suburb by listed median house price this month.
While the median for New Brunswick is $169,900 , which means that Petitcodiac’s median price is $109,900 a lot lower than the rest of the province.
Petitcodiac’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
New Brunswick has the seventh most amount of properties available to property investors, with Petitcodiac having 57th most in the province, out of a total of 421.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Petitcodiac 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 Petitcodiac for investors, it’s important to look at data like:
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.