While the median for Nova Scotia is $232,500 , which means that Pembroke’s median price is $193,000 below average than the rest of the province.
There are 825 neighbourhoods that have more properties on sale than Pembroke at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Pembroke 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.
In Pembroke, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
Can we guarantee how well Pembroke 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.
Over the last three months in Pembroke, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.