Want a cheaply priced house? Then at $167,000 this month, Georgeville, Nova Scotia is somewhere that you should look at price wise.
Nova Scotia has the fifth most amount of properties available to property investors, with Georgeville having 546th most in the province, out of a total of 792.
When we look at the data we have, it can help with trying to establish whether or not Georgeville 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 Georgeville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Georgeville 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.
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 Georgeville have stayed pretty much the same which would tend to indicate that demand is steady.