When our research team crunched the numbers we calculated that Indian Harbour has a median home price of $369,700.
There are 825 neighbourhoods that have more properties on sale than Indian Harbour at the moment in Nova Scotia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Can we guarantee how well Indian Harbour 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.
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 Indian Harbour, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 13, this month we show 14.
When we look at the data we have, it can help with trying to establish whether or not Indian Harbour is a good investment target.
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.