The median asking price in Ripples is $110,000, quite a drop from the median three months ago which was $184,900 .
With Ripples’s median house price at $110,000 in Aug , it is below average compared to the rest of New Brunswick.
Across New Brunswick Ripples has the 224th most properties on offer with 421.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Ripples 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.
In Ripples, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
Is Ripples 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 Ripples there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.