When looking across the province, Bear River is the 476th most expensive in Nova Scotia.
The median house price listed in Bear River this month is $184,475.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Bear River 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 Bear River there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Is Bear River a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.