While the median for Nova Scotia is $232,500 , which means that New Germany’s median price is $108,700 a lot lower than the rest of the province.
There are 825 neighbourhoods that have more properties on sale than New Germany at the moment in Nova Scotia which puts the neighbourhood middle range when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not New Germany is a good investment target.
If you are looking at investment properties in New Germany, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Across the nation CREW lists data for 1054 neighbourhoods, and this month New Germany is number 989 putting it behind most of Canada .
New Germany, Nova Scotia has a median house price of $101,200 when compiling all the home listings in Aug .
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.
Across Nova Scotia New Germany has the 37th most properties on offer with 51.
It’s never an exact art, but to try to forecast how property is going to appreciate in New Germany for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.