Across the country as a whole, Broad Cove is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Broad Cove has a median home price of $324,500.
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.
According to our stats, Broad Cove is the neighbourhood that has the 587th most properties available to real estate investors in Nova Scotia.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Broad Cove 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.
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.
Can we guarantee how well Broad Cove 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 Broad Cove there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.