Canada’s national median home listing price this month is $290,900, which means that Middleton is in the bottom 40% for Canada.
The $149,900 price tag on the median Middleton home means that it is below the national norm.
According to our stats, Middleton is the neighbourhood that has the 41th most properties available to real estate investors in Nova Scotia.
When we look at the data we have, it can help with trying to establish whether or not Middleton is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Middleton, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 35, this month we show 34.
The median asking price in Middleton is $149,900, quite a drop from the median three months ago which was $149,000 .
Middleton, Nova Scotia has a median house price of $149,900 when compiling all the home listings in Aug .
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
According to our stats, Middleton is the neighbourhood that has the 14th most properties available to real estate investors in Nova Scotia.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Middleton 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.
In Middleton, 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.