Across the country as a whole, Porters Lake is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
Porters Lake, Nova Scotia has a median house price of $329,900 when compiling all the home listings in Aug .
There are 825 neighbourhoods that have more properties on sale than Porters Lake at the moment in Nova Scotia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Will prices rise across the next year in in Porters Lake? There are a number of real estate indicators to consider.
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 Porters Lake have dried up which would tend to indicate that demand is higher than the supply of new properties.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Porters 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.
If you are looking at investment properties in Porters 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.