The median asking price in Birchtown is $130,200, quite a drop from the median three months ago which was $130,200 .
In Aug the median listed house price of $130,200 in Birchtown was relatively low compared to the rest of Nova Scotia.
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.
Across Nova Scotia Birchtown has the 587th most properties on offer with 825.
Will prices rise across the next year in in Birchtown? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Birchtown there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Birchtown 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.
In Birchtown, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.