Across the nation CREW lists data for 5162 neighbourhoods, and this month New Minas is number 2985 putting it in the bottom half of the country .
When our research team crunched the numbers we calculated that New Minas has a median home price of $195,000.
According to our stats, New Minas is the neighbourhood that has the 31th most properties available to real estate investors in Nova Scotia.
Can we guarantee how well New Minas 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.
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.
With a median listing price of $238,000, New Minas is Canada’s 404th most expensive when ordered by median listing price.
Want a cheaply priced house? Then at $238,000 this month, New Minas, Nova Scotia is probably not for you price wise.
This month we track 21th neighbourhoods in Nova Scotia, and New Minas has the 21th most choice available for real estate investors.
Is New Minas a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in New Minas have dried up which would tend to indicate that demand is higher than the supply of new properties.