Canada’s national median home listing price this month is $319,000, which means that Pleasant Lake is in the bottom 40% for Canada.
The $144,000 price tag on the median Pleasant Lake home means that it is below the national norm.
There are 750 neighbourhoods that have more properties on sale than Pleasant Lake at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Pleasant Lake for investors, it’s important to look at data like:
If you are looking at investment properties in Pleasant Lake, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Pleasant Lake 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.
Over the last three months in Pleasant Lake, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.