The median house price listed in Factorydale this month is $154,900.
This month we track 610th neighbourhoods in Nova Scotia, and Factorydale has the 610th most choice available for real estate investors.
Is Factorydale a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Factorydale, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Factorydale 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.