Canada’s national median home listing price this month is $319,000, which means that New Haven is in the cheapest 20% for Canada.
The $63,500 price tag on the median New Haven home means that it is very cheap in comparison to the rest of the nation.
According to our stats, New Haven is the neighbourhood that has the 548th most properties available to real estate investors in Nova Scotia.
Can we guarantee how well New Haven is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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 Haven, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
It’s never an exact art, but to try to forecast how property is going to appreciate in New Haven for investors, it’s important to look at data like:
In New Haven, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.