Brookside was Canada’s 1169th most expensive suburb by listed median house price this month.
With Brookside’s median house price at $329,900 in Aug , it is high priced compared to the rest of Nova Scotia.
Across Nova Scotia Brookside has the 44th most properties on offer with 825.
Is Brookside a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Brookside, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 38, this month we show 33.
It’s never an exact art, but to try to forecast how property is going to appreciate in Brookside for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Brookside there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.