If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Hampton Home Price
Across the country as a whole, Hampton is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $209,900 this month, Hampton, New Brunswick is definitely not for you price wise.
New Brunswick has the seventh most amount of properties available to property investors, with Hampton having 17th most in the province, out of a total of 421.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Hampton 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.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
The median asking price in Hampton is $199,450, pretty close to the median three months ago which was $229,900 .
Want a cheaply priced house? Then at $199,450 this month, Hampton, New Brunswick is definitely not for you price wise.
According to our stats, Hampton is the neighbourhood that has the 23th most properties available to real estate investors in New Brunswick.
Is Hampton a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Hampton, 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.
Corresponding census subdivisions are provided for the following place names where data is not available.
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