While the median for Nova Scotia is $239,000 , which means that Lingan’s median price is $382,500 considerably better than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
Nova Scotia has the fifth most amount of properties available to property investors, with Lingan having 521th most in the province, out of a total of 757.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Lingan 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lingan there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Will prices rise across the next year in in Lingan? There are a number of real estate indicators to consider.
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.