When looking across the province, Five Houses is the 491th most expensive in Nova Scotia.
In Aug the median listed house price of $179,000 in Five Houses was a below average 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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Five Houses has a pretty average amount compared to the rest of the province
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Five Houses 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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Five Houses for investors, it’s important to look at data like:
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Five Houses have stayed pretty much the same which would tend to indicate that demand is steady.