Elderbank was Canada’s 4174th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Elderbank has a median home price of $139,900.
If you’re looking at investment properties in Elderbank, then you’re most likely to find homes with 3 bedrooms on sale this month.
This month we track 370th neighbourhoods in Nova Scotia, and Elderbank has the 370th most choice available for real estate investors.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Elderbank 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.
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 Elderbank, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 3, this month we show 3.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Elderbank will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Elderbank, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.