When looking across the province, Avondale is the 13th most expensive in Nova Scotia.
The median house price listed in Avondale this month is $375,000.
Avondale’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 3274th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
Can we guarantee how well Avondale 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 stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Avondale 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Avondale there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.