Canada’s national median home listing price this month is $290,900, which means that Sunken Lake is in the bottom 40% for Canada.
While the median for Nova Scotia is $232,500 , which means that Sunken Lake’s median price is $149,900 a lot lower than the rest of the province.
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.
Across Nova Scotia Sunken Lake has the 417th most properties on offer with 825.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Sunken Lake will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Sunken Lake, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
When we look at the data we have, it can help with trying to establish whether or not Sunken Lake is a good investment target.
Over the last three months in Sunken Lake, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.