East Mountain was Canada’s 2905th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that East Mountain has a median home price of $199,500.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are 825 neighbourhoods that have more properties on sale than East Mountain at the moment in Nova Scotia which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, East Mountain 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in East Mountain there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Is East Mountain a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In East Mountain, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.