Across the nation CREW lists data for 5162 neighbourhoods, and this month East Tracadie is number 958 putting it ahead of most neighbourhoods .
In Aug the median listed house price of $364,500 in East Tracadie was an impressive compared to the rest of Nova Scotia.
There are 825 neighbourhoods that have more properties on sale than East Tracadie at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in East Tracadie 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 Aug this neighbourhood’s most common listing the same as the national average.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, East Tracadie 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.