In Mar the median listed house price of $233,500 in Union Centre was an above average compared to the rest of Nova Scotia.
There are 638 neighbourhoods that have more properties on sale than Union Centre at the moment in Nova Scotia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well Union Centre is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Union Centre there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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, Union Centre 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.
Over the last three months in Union Centre, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.