The median asking price in Milton is $141,950, less than the median three months ago which was $117,500 .
The $141,950 price tag on the median Milton home means that it is below the national norm.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Milton has a huge choice compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Milton for investors, it’s important to look at data like:
In Milton, 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.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Milton is number 601 putting it in the bottom half of the country .
While the median for Nova Scotia is $219,900 , which means that Milton’s median price is $197,000 below average than the rest of the province.
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.
Across Nova Scotia Milton has the 37th most properties on offer with 51.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Milton 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 stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.