With a median listing price of $619,900, Fairmount is Canada’s 241th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Fairmount has a median home price of $619,900.
This month we track 173th neighbourhoods in Nova Scotia, and Fairmount has the 173th most choice available for real estate investors.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Fairmount 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.
Over the last three months in Fairmount, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
When we look at the data we have, it can help with trying to establish whether or not Fairmount is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Fairmount there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.