Across the nation CREW lists data for 5162 neighbourhoods, and this month Bridgetown is number 4179 putting it behind most of Canada .
While the median for Nova Scotia is $232,500 , which means that Bridgetown’s median price is $137,500 a lot lower than the rest of the province.
Across Nova Scotia Bridgetown has the 60th most properties on offer with 825.
Is Bridgetown a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Bridgetown, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 26, this month we show 23.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Bridgetown 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.