The median house price listed in Parrsboro this month is $108,700.
When we look at the data we have, it can help with trying to establish whether or not Parrsboro is a good investment target.
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 Parrsboro, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 22, this month we show 18.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Parrsboro have stayed pretty much the same which would tend to indicate that demand is steady.