When looking across the province, River Bourgeois is the 560th most expensive in Nova Scotia.
The $159,000 price tag on the median River Bourgeois home means that it is below the national norm.
This month we track 264th neighbourhoods in Nova Scotia, and River Bourgeois has the 264th most choice available for real estate investors.
Is River Bourgeois a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In River Bourgeois, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 6, this month we show 5.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, River Bourgeois 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in River Bourgeois there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.