Across the country as a whole, Lake Paul is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Lake Paul has a median home price of $204,394.
This month we track 206th neighbourhoods in Nova Scotia, and Lake Paul has the 206th most choice available for real estate investors.
Will prices rise across the next year in in Lake Paul? There are a number of real estate indicators to consider.
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 Lake Paul, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 8, this month we show 6.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lake Paul will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lake Paul there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.