Across the country as a whole, Bayhead is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Bayhead’s median house price at $119,750 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Nova Scotia.
There are 825 neighbourhoods that have more properties on sale than Bayhead at the moment in Nova Scotia which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Bayhead 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.
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 Bayhead have dried up which would tend to indicate that demand is higher than the supply of new properties.
Can we guarantee how well Bayhead 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.