Canada’s national median home listing price this month is $290,900, which means that Ostrea Lake is in the top 40% for Canada.
Ostrea Lake, Nova Scotia has a median house price of $258,500 when compiling all the home listings in Aug .
This month we track 206th neighbourhoods in Nova Scotia, and Ostrea Lake has the 206th most choice available for real estate investors.
Will prices rise across the next year in in Ostrea Lake? There are a number of real estate indicators to consider.
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 Ostrea Lake, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 9, this month we show 6.
Can we guarantee how well Ostrea Lake 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 stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.