Across the country as a whole, Second Peninsula is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Second Peninsula’s median house price at $532,000 in Aug , it is high priced compared to the rest of Nova Scotia.
This month we track 323th neighbourhoods in Nova Scotia, and Second Peninsula has the 323th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Second Peninsula for investors, it’s important to look at data like:
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 Second Peninsula 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, Second Peninsula 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 Second Peninsula, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.