When looking across the province, Blind Bay is the 32th most expensive in Nova Scotia.
While the median for Nova Scotia is $232,500 , which means that Blind Bay’s median price is $495,000 considerably better than the rest of the province.
There are 825 neighbourhoods that have more properties on sale than Blind Bay at the moment in Nova Scotia which puts the neighbourhood middle range when looking at the number of properties to choose from.
Can we guarantee how well Blind Bay 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Blind Bay, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.
When we look at the data we have, it can help with trying to establish whether or not Blind Bay is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Blind Bay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.