Springhill was Canada’s 5014th most expensive suburb by listed median house price this month.
Want a cheaply priced house? Then at $69,900 this month, Springhill, Nova Scotia do not consider price wise.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Nova Scotia has the fifth most amount of properties available to property investors, with Springhill having 56th most in the province, out of a total of 825.
It’s never an exact art, but to try to forecast how property is going to appreciate in Springhill for investors, it’s important to look at data like:
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 Springhill, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 28, this month we show 27.
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.
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 Springhill have stayed pretty much the same which would tend to indicate that demand is steady.