Bear River East was Canada’s 546th most expensive suburb by listed median house price this month.
With Bear River East’s median house price at $450,000 in Aug , it is high priced compared to the rest of Nova Scotia.
This month we track 587th neighbourhoods in Nova Scotia, and Bear River East has the 587th most choice available for real estate investors.
Will prices rise across the next year in in Bear River East? There are a number of real estate indicators to consider.
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 Bear River East, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Bear River East 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.