The median asking price in Lake George is $189,950, pretty close to the median three months ago which was $244,900 .
The median house price listed in Lake George this month is $189,950.
Nova Scotia has the fifth most amount of properties available to property investors, with Lake George having 323th most in the province, out of a total of 825.
Will prices rise across the next year in in Lake George? There are a number of real estate indicators to consider.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Lake George 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.
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.