Across the nation CREW lists data for 5108 neighbourhoods, and this month Lunenburg is number 1592 putting it in the top half of the country .
When our research team crunched the numbers we calculated that Lunenburg has a median home price of $279,000.
Nova Scotia has the fifth most amount of properties available to property investors, with Lunenburg having 35th most in the province, out of a total of 835.
Can we guarantee how well Lunenburg is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.
The median house price listed in Lunenburg this month is $245,000.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lunenburg will hopefully provide an indicator to help you where to research in-depth
In Lunenburg, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.