Canada’s national median home listing price this month is $290,900, which means that Great Village is in the bottom 40% for Canada.
While the median for Nova Scotia is $232,500 , which means that Great Village’s median price is $171,700 below average than the rest of the province.
There are 825 neighbourhoods that have more properties on sale than Great Village at the moment in Nova Scotia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is Great Village a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Great Village there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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.
Can we guarantee how well Great Village is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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 Great Village have stayed pretty much the same which would tend to indicate that demand is steady.