Across the country as a whole, Garden Lots is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $390,000 in Garden Lots was an impressive compared to the rest of Nova Scotia.
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.
According to our stats, Garden Lots is the neighbourhood that has the 206th most properties available to real estate investors in Nova Scotia.
It’s never an exact art, but to try to forecast how property is going to appreciate in Garden Lots for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Garden Lots 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.