With a median listing price of $236,950, Valley Road is Canada’s 2287th most expensive when ordered by median listing price.
While the median for New Brunswick is $169,900 , which means that Valley Road’s median price is $236,950 better than average than the rest of the province.
New Brunswick has the seventh most amount of properties available to property investors, with Valley Road having 306th most in the province, out of a total of 421.
When we look at the data we have, it can help with trying to establish whether or not Valley Road is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Valley Road, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Valley Road 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.
Over the last three months in Valley Road, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.