Canada’s national median home listing price this month is $290,900, which means that New Russell is in the bottom 40% for Canada.
With New Russell’s median house price at $144,900 in Aug , it is below average compared to the rest of Nova Scotia.
This month we track 417th neighbourhoods in Nova Scotia, and New Russell has the 417th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in New Russell for investors, it’s important to look at data like:
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 Russell have stayed pretty much the same which would tend to indicate that demand is steady.
Is New Russell a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In New Russell, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.