Millvale, Nova Scotia has a median house price of $34,300 when compiling all the home listings in May .
From our data, it appears that neighbourhood is number 4387th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Is Millvale a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Millvale, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Millvale 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 Millvale, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.