Across the nation CREW lists data for 5162 neighbourhoods, and this month Shad Bay is number 3190 putting it in the bottom half of the country .
Want a cheaply priced house? Then at $184,900 this month, Shad Bay, Nova Scotia is a possibility for you price wise.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Shad Bay 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.
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 Shad Bay, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 6.
Can we guarantee how well Shad Bay is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.