With a median listing price of $154,900, Amherst is Canada’s 3790th most expensive when ordered by median listing price.
While the median for Nova Scotia is $232,500 , which means that Amherst’s median price is $154,900 below average than the rest of the province.
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.
Across Nova Scotia Amherst has the 8th most properties on offer with 825.
When we look at the data we have, it can help with trying to establish whether or not Amherst is a good investment target.
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 Amherst, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 120, this month we show 117.
With a median listing price of $89,900, Amherst is Canada’s 1011th most expensive when ordered by median listing price.
The median house price listed in Amherst this month is $89,900.
Across Nova Scotia Amherst has the 5th most properties on offer with 51.
Can we guarantee how well Amherst is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.