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Kars, NB

Updated: Aug 2016
House
Median price $198,450
Monthly growth 177.74 %
Quarterly trend
Stock on market 0.58%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Kars Home Price

Across the country as a whole, Kars is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

The $198,450 price tag on the median Kars home means that it is about average price.

New Brunswick has the seventh most amount of properties available to property investors, with Kars having 306th most in the province, out of a total of 421.

Will prices rise across the next year in in Kars? There are a number of real estate indicators to consider.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Kars there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

When we look at the data we have, it can help with trying to establish whether or not Kars is a good investment target.

In Kars, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
3 bedrooms $295,000
Demographics
  • Population in 2011407
  • Population in 2006424
  • 2006 to 2011 population change (%)-4
  • Total private dwellings346
  • Private dwellings occupied by usual residents156
  • Population density per square kilometre5.4
  • Land area (square km)75.96