Canada’s national median home listing price this month is $290,900, which means that Catalone is close to average for Canada.
When our research team crunched the numbers we calculated that Catalone has a median home price of $195,000.
Across Nova Scotia Catalone has the 264th most properties on offer with 825.
Is Catalone 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 Catalone, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 5.
Will prices rise across the next year in in Catalone? There are a number of real estate indicators to consider.
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.