Across the nation CREW lists data for 5162 neighbourhoods, and this month Wallace is number 3177 putting it in the bottom half of the country .
The median house price listed in Wallace this month is $185,000.
According to our stats, Wallace is the neighbourhood that has the 150th most properties available to real estate investors in Nova Scotia.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Wallace 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.
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 Wallace, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 8, this month we show 9.
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.
Is Wallace a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Wallace, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.