Across the nation CREW lists data for 5162 neighbourhoods, and this month Centreville is number 3261 putting it in the bottom half of the country .
While the median for Nova Scotia is $232,500 , which means that Centreville’s median price is $179,900 below average than the rest of the province.
Across Nova Scotia Centreville has the 60th most properties on offer with 825.
Is Centreville a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Centreville, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Centreville was Canada’s 679th most expensive suburb by listed median house price this month.
The $182,450 price tag on the median Centreville home means that it is below the national norm.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are 51 neighbourhoods that have more properties on sale than Centreville at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Centreville will hopefully provide an indicator to help you where to research in-depth
In Centreville, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.