Want a cheaply priced house? Then at $76,950 this month, Thorburn, Nova Scotia do not consider price wise.
Nova Scotia has the fifth most amount of properties available to property investors, with Thorburn having 206th most in the province, out of a total of 825.
When we look at the data we have, it can help with trying to establish whether or not Thorburn is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Thorburn there is more stock than three months ago. This would indicate pressure on prices easing.
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.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Thorburn 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.
In Thorburn, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.