The median asking price in Kentville is $215,000, pretty close to the median three months ago which was $199,000 .
While the median for Nova Scotia is $232,500 , which means that Kentville’s median price is $215,000 below average than the rest of the province.
When we look at the data we have, it can help with trying to establish whether or not Kentville is a good investment target.
If you are looking at investment properties in Kentville, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
The $124,950 price tag on the median Kentville home means that it is very cheap in comparison to the rest of the nation.
According to our stats, Kentville is the neighbourhood that has the 37th most properties available to real estate investors in Nova Scotia.
Is Kentville 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 Kentville, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 3, this month we show 2.