Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Lakeburn Home Price
The median asking price in Lakeburn is $454,900, a substantial increase over the median three months ago which was $479,000 .
The median house price listed in Lakeburn this month is $454,900.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
New Brunswick has the seventh most amount of properties available to property investors, with Lakeburn having 306th most in the province, out of a total of 421.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lakeburn will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Lakeburn, housing stock available seems to be falling – this could mean that homes values might increase faster.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lakeburn for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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