Canada’s national median home listing price this month is $290,900, which means that Youngs Cove is close to average for Canada.
In Aug the median listed house price of $249,000 in Youngs Cove was an above average compared to the rest of Nova Scotia.
This month we track 264th neighbourhoods in Nova Scotia, and Youngs Cove has the 264th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Youngs Cove is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Youngs Cove have dried up which would tend to indicate that demand is higher than the supply of new properties.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Youngs Cove 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.