Across the nation CREW lists data for 5162 neighbourhoods, and this month Paradise is number 3623 putting it in the bottom half of the country .
When our research team crunched the numbers we calculated that Paradise has a median home price of $164,700.
There are 825 neighbourhoods that have more properties on sale than Paradise at the moment in Nova Scotia which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Paradise needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
If you are looking at investment properties in Paradise, 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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
When we look at the data we have, it can help with trying to establish whether or not Paradise is a good investment target.
Over the last three months in Paradise, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.