Across the nation CREW lists data for 5162 neighbourhoods, and this month Phinneys Cove is number 4682 putting it behind most of Canada .
While the median for Nova Scotia is $232,500 , which means that Phinneys Cove’s median price is $99,900 a lot lower than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Nova Scotia has the fifth most amount of properties available to property investors, with Phinneys Cove having 417th most in the province, out of a total of 825.
It’s never an exact art, but to try to forecast how property is going to appreciate in Phinneys Cove for investors, it’s important to look at data like:
In Phinneys Cove, 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.
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.
Can we guarantee how well Phinneys Cove 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.
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 Phinneys Cove have stayed pretty much the same which would tend to indicate that demand is steady.