When our research team crunched the numbers we calculated that Clam Bay has a median home price of $159,500.
Clam Bay’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are 639 neighbourhoods that have more properties on sale than Clam Bay at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Is Clam Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Clam Bay 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 Feb this neighbourhood’s most common listing the same as the national average.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Clam Bay will hopefully provide an indicator to help you where to research in-depth
In Clam Bay, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.