In Aug the median listed house price of $349,800 in Northwest Cove was an impressive compared to the rest of Nova Scotia.
This month we track 417th neighbourhoods in Nova Scotia, and Northwest Cove 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 Northwest Cove for investors, it’s important to look at data like:
If you are looking at investment properties in Northwest Cove, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Is Northwest Cove a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.