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Riverview, NB

Updated: Aug 2016
House
Median price $174,900
Monthly growth 39.97 %
Quarterly trend
Stock on market 2.40%
Apartment
Median price $194,500
Monthly growth 65.67 %
Quarterly trend
Stock on market 0.11%

Riverview Home Price

With a median listing price of $174,900, Riverview is Canada’s 3401th most expensive when ordered by median listing price.

While the median for New Brunswick is $169,900 , which means that Riverview’s median price is $174,900 below average than the rest of the province.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

According to our stats, Riverview is the neighbourhood that has the 5th most properties available to real estate investors in New Brunswick.

As one of New Brunswick’s many potential real estate investment neighbourhoods, Riverview 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.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Riverview have dried up which would tend to indicate that demand is higher than the supply of new properties.

Canada’s national median home listing price this month is $244,900, which means that Riverview is close to average for Canada.

In Aug the median listed house price of $194,500 in Riverview was an impressive compared to the rest of New Brunswick.

2 bedroom properties are the most common available for real estate investors this month in neighbourhood.

From our data, it appears that neighbourhood is number 428th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 50.

New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

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 Riverview, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 13, this month we show 9.

Beds Median price (House) Median price (Apartment)
2 bedrooms $127,000 $209,900
3 bedrooms $159,900
4 bedrooms $233,700
5 bedrooms $199,900
Demographics
  • Population in 201119128
  • Population in 200617832
  • 2006 to 2011 population change (%)7.3
  • Total private dwellings8031
  • Private dwellings occupied by usual residents7743
  • Population density per square kilometre564.6
  • Land area (square km)33.88