Canada’s national median home listing price this month is $299,900, which means that Margaree Harbour is in the top 20% for Canada.
The $487,500 price tag on the median Margaree Harbour home means that it is quite highly priced by Canadian standards.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Margaree Harbour 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.
If you are looking at investment properties in Margaree Harbour, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
It’s never an exact art, but to try to forecast how property is going to appreciate in Margaree Harbour for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.