Across the nation CREW lists data for 5162 neighbourhoods, and this month Berwick is number 2979 putting it in the bottom half of the country .
In Aug the median listed house price of $196,400 in Berwick was a below average compared to the rest of Nova Scotia.
This month we track 58th neighbourhoods in Nova Scotia, and Berwick has the 58th most choice available for real estate investors.
Can we guarantee how well Berwick 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.
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 Berwick have dried up which would tend to indicate that demand is higher than the supply of new properties.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Berwick is number 531 putting it in the bottom half of the country .
When our research team crunched the numbers we calculated that Berwick has a median home price of $209,500.
This month we track 37th neighbourhoods in Nova Scotia, and Berwick has the 37th most choice available for real estate investors.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Berwick 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 Berwick there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.