When looking across the province, Merigomish is the 38th most expensive in Nova Scotia.
When our research team crunched the numbers we calculated that Merigomish has a median home price of $469,900.
From our data, it appears that neighbourhood is number 2904th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Merigomish 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.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Will prices rise across the next year in in Merigomish? There are a number of real estate indicators to consider.
Over the last three months in Merigomish, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.