The $139,900 price tag on the median New Glasgow home means that it is below the national norm.
There are 825 neighbourhoods that have more properties on sale than New Glasgow at the moment in Nova Scotia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for New Glasgow will hopefully provide an indicator to help you where to research in-depth
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In New Glasgow, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 135, this month we show 129.
While the median for Nova Scotia is $219,900 , which means that New Glasgow’s median price is $69,500 a lot lower than the rest of the province.
Nova Scotia has the sixth least amount of properties available to property investors, with New Glasgow having 6th most in the province, out of a total of 51.
Is New Glasgow a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In New Glasgow, 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.