With a median listing price of $239,900, Mushaboom is Canada’s 2209th most expensive when ordered by median listing price.
In Aug the median listed house price of $239,900 in Mushaboom was an above average compared to the rest of Nova Scotia.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Mushaboom 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mushaboom there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Is Mushaboom 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 Mushaboom, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.