Armstrong Lake was Canada’s 4414th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $121,950 in Armstrong Lake was relatively low compared to the rest of Nova Scotia.
Nova Scotia has the fifth most amount of properties available to property investors, with Armstrong Lake having 587th most in the province, out of a total of 825.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Armstrong Lake 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 Armstrong Lake have stayed pretty much the same which would tend to indicate that demand is steady.
Will prices rise across the next year in in Armstrong Lake? There are a number of real estate indicators to consider.
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.