Canada’s national median home listing price this month is $290,900, which means that Rockdale is in the cheapest 20% for Canada.
With Rockdale’s median house price at $109,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Nova Scotia.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Rockdale has not many at all compared to the rest of the province
Is Rockdale a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Rockdale, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Rockdale for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Rockdale there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.