First South was Canada’s 3320th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $179,000 in First South was a below average compared to the rest of Nova Scotia.
According to our stats, First South is the neighbourhood that has the 417th most properties available to real estate investors in Nova Scotia.
Is First South 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 First South, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 8, this month we show 3.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, First South 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 First South have stayed pretty much the same which would tend to indicate that demand is steady.