Across the nation CREW lists data for 5162 neighbourhoods, and this month Fall River is number 591 putting it ahead of most neighbourhoods .
In Aug the median listed house price of $439,750 in Fall River was an impressive compared to the rest of Nova Scotia.
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 Fall River at the moment in Nova Scotia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Fall River 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 fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Is Fall River a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Fall River, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.