Saint-François de Madawaska was Canada’s 4636th most expensive suburb by listed median house price this month.
While the median for New Brunswick is $174,900 , which means that Saint-François de Madawaska’s median price is $109,900 a lot lower than the rest of the province.
There are 427 neighbourhoods that have more properties on sale than Saint-François de Madawaska at the moment in New Brunswick which puts the neighbourhood middle range when looking at the number of properties to choose from.
Is Saint-François de Madawaska a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Saint-François de Madawaska 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.
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.