Arcadia was Canada’s 2860th most expensive suburb by listed median house price this month.
While the median for Nova Scotia is $232,500 , which means that Arcadia’s median price is $199,900 below average than the rest of the province.
From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
When we look at the data we have, it can help with trying to establish whether or not Arcadia is a good investment target.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
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.
Over the last three months in Arcadia, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.