Across the nation CREW lists data for 5260 neighbourhoods, and this month Blanche is number 3140 putting it in the bottom half of the country .
With Blanche’s median house price at $192,000 in May , it is about average 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.
This month we track 548th neighbourhoods in Nova Scotia, and Blanche has the 548th most choice available for real estate investors.
Can we guarantee how well Blanche 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 Blanche 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 May this neighbourhood’s most common listing the same as the national average.
Is Blanche 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.