Across the nation CREW lists data for 4643 neighbourhoods, and this month Sheffield is number 4549 putting it behind most of Canada .
While the median for New Brunswick is $167,900 , which means that Sheffield’s median price is $62,450 a lot lower than the rest of the province.
There are 431 neighbourhoods that have more properties on sale than Sheffield at the moment in New Brunswick which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Sheffield 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.
Can we guarantee how well Sheffield 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Sheffield have stayed pretty much the same which would tend to indicate that demand is steady.