Across the nation CREW lists data for 5162 neighbourhoods, and this month South Scots Bay is number 1248 putting it ahead of most neighbourhoods .
While the median for Nova Scotia is $232,500 , which means that South Scots Bay’s median price is $323,000 considerably better than the rest of the province.
There are 825 neighbourhoods that have more properties on sale than South Scots Bay at the moment in Nova Scotia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, South Scots 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.
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.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
When we look at the data we have, it can help with trying to establish whether or not South Scots Bay is a good investment target.
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.