Canada’s national median home listing price this month is $290,900, which means that Prime Brook is close to average for Canada.
Want a cheaply priced house? Then at $249,900 this month, Prime Brook, Nova Scotia is probably not for you price wise.
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.
Is Prime Brook a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Prime Brook there is more stock than three months ago. This would indicate pressure on prices easing.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Prime Brook 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 Prime Brook, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.