When our research team crunched the numbers we calculated that Westfield has a median home price of $224,900.
According to our stats, Westfield is the neighbourhood that has the 323th most properties available to real estate investors in Nova Scotia.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Westfield 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Westfield there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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.
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.
In Westfield, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.