Canada’s national median home listing price this month is $290,900, which means that Mill Village is in the bottom 40% for Canada.
Want a cheaply priced house? Then at $169,900 this month, Mill Village, Nova Scotia is somewhere that you should look at price wise.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are 825 neighbourhoods that have more properties on sale than Mill Village at the moment in Nova Scotia which puts the neighbourhood top 40% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Mill Village for investors, it’s important to look at data like:
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 Mill Village, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 6, this month we show 5.
Is Mill Village a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mill Village there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.