Canada’s national median home listing price this month is $290,900, which means that Nanoose Bay is in the top 20% for Canada.
With Nanoose Bay’s median house price at $738,800 in Aug , it is high priced compared to the rest of British Columbia.
This month we track 83th neighbourhoods in British Columbia, and Nanoose Bay has the 83th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Nanoose Bay is a good investment target.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Nanoose Bay is number 404 putting it in the top half of the country .
Nanoose Bay, British Columbia has a median house price of $238,000 when compiling all the home listings in Aug .
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Nanoose Bay has fewer than average compared to the rest of the province
Is Nanoose Bay 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 Nanoose Bay there is more stock than three months ago. This would indicate pressure on prices easing.