Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.
Clark's Harbour Home Price
Clark's Harbour was Canada’s 5015th most expensive suburb by listed median house price this month.
With Clark's Harbour’s median house price at $79,500 in May , it is one of the cheapest neighbourhoods compared to the rest of Nova Scotia.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in May this neighbourhood’s most common listing has properties with fewer bedrooms.
Nova Scotia has the fifth most amount of properties available to property investors, with Clark's Harbour having 90th most in the province, out of a total of 750.
When we look at the data we have, it can help with trying to establish whether or not Clark's Harbour is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Clark's Harbour there is more stock than three months ago. This would indicate pressure on prices easing.
It’s never an exact art, but to try to forecast how property is going to appreciate in Clark's Harbour for investors, it’s important to look at data like:
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.
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