Canada’s national median home listing price this month is $290,900, which means that Rothesay is close to average for Canada.
The median house price listed in Rothesay this month is $249,000.
Rothesay’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
It’s never an exact art, but to try to forecast how property is going to appreciate in Rothesay for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Rothesay is number 608 putting it in the bottom half of the country .
When our research team crunched the numbers we calculated that Rothesay has a median home price of $194,900.
New Brunswick has the seventh most amount of properties available to property investors, with Rothesay having 23th most in the province, out of a total of 32.
When we look at the data we have, it can help with trying to establish whether or not Rothesay is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Rothesay there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.