The $482,400 price tag on the median Five Island Lake home means that it is quite highly priced by Canadian standards.
According to our stats, Five Island Lake is the neighbourhood that has the 546th most properties available to real estate investors in Nova Scotia.
It’s never an exact art, but to try to forecast how property is going to appreciate in Five Island Lake for investors, it’s important to look at data like:
In Five Island Lake, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Is Five Island Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Five Island Lake there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.