Canada’s national median home listing price this month is $290,900, which means that Concession is in the cheapest 20% for Canada.
While the median for Nova Scotia is $232,500 , which means that Concession’s median price is $135,000 a lot lower than the rest of the province.
There are 825 neighbourhoods that have more properties on sale than Concession at the moment in Nova Scotia which puts the neighbourhood middle range when looking at the number of properties to choose from.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Concession 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Concession have stayed pretty much the same which would tend to indicate that demand is steady.
Will prices rise across the next year in in Concession? 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.