According to a report, the city’s apartment vacancy rate increased by 6.6% — the highest level since 2016.
Lower Cambridge Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Lower Cambridge is number 585 putting it ahead of most neighbourhoods .
In Aug the median listed house price of $442,450 in Lower Cambridge was an impressive compared to the rest of New Brunswick.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Will prices rise across the next year in in Lower Cambridge? 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 Lower Cambridge there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Lower Cambridge 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.
In Lower Cambridge, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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