With a median listing price of $289,900, Fletchers Lake is Canada’s 1562th most expensive when ordered by median listing price.
The $289,900 price tag on the median Fletchers Lake home means that it is above the cost of most houses in the country.
From our data, it appears that neighbourhood is number 3570th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Fletchers Lake 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.
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 Fletchers Lake, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 3.
Is Fletchers Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Fletchers Lake, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.