Across the nation CREW lists data for 5162 neighbourhoods, and this month Big Lake is number 572 putting it ahead of most neighbourhoods .
When our research team crunched the numbers we calculated that Big Lake has a median home price of $447,450.
Is Big Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Big Lake, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Big 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 Big Lake have stayed pretty much the same which would tend to indicate that demand is steady.