With a median listing price of $278,500, Lunenburg is Canada’s 1735th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Lunenburg has a median home price of $278,500.
Across Nova Scotia Lunenburg has the 36th most properties on offer with 825.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lunenburg for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lunenburg there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
With a median listing price of $245,000, Lunenburg is Canada’s 380th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Lunenburg has a median home price of $245,000.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Lunenburg 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.
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.