With a median listing price of $417,450, Black Point is Canada’s 686th most expensive when ordered by median listing price.
While the median for Nova Scotia is $232,500 , which means that Black Point’s median price is $417,450 considerably better than the rest of the province.
From our data, it appears that neighbourhood is number 1795th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
Can we guarantee how well Black Point is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Black Point there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
It’s never an exact art, but to try to forecast how property is going to appreciate in Black Point for investors, it’s important to look at data like:
In Black Point, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.