With Big Baddeck’s median house price at $159,000 in May , it is below average compared to the rest of Nova Scotia.
There are 750 neighbourhoods that have more properties on sale than Big Baddeck at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Is Big Baddeck a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Big Baddeck there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Big Baddeck will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Big Baddeck, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.