With a median listing price of $99,900, Somerset is Canada’s 4682th most expensive when ordered by median listing price.
While the median for Nova Scotia is $232,500 , which means that Somerset’s median price is $99,900 a lot lower than the rest of the province.
Nova Scotia has the fifth most amount of properties available to property investors, with Somerset having 417th most in the province, out of a total of 825.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Somerset 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.
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 Somerset have stayed pretty much the same which would tend to indicate that demand is steady.