Across the country as a whole, Green Bay is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Green Bay this month is $594,500.
According to our stats, Green Bay is the neighbourhood that has the 323th most properties available to real estate investors in Nova Scotia.
Is Green Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Green Bay, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 4.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Green Bay 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.
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.