Recognizing two issues in the market, one of our top investors found a new way to make things work.
Seeleys Cove Home Price
When looking across the province, Seeleys Cove is the 4th most expensive in New Brunswick.
While the median for New Brunswick is $169,900 , which means that Seeleys Cove’s median price is $499,000 considerably better than the rest of the province.
There are 421 neighbourhoods that have more properties on sale than Seeleys Cove at the moment in New Brunswick which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Seeleys Cove 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Is Seeleys Cove a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Seeleys Cove have stayed pretty much the same which would tend to indicate that demand is steady.
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