Canada’s national median home listing price this month is $290,900, which means that Lakeside is close to average for Canada.
In Aug the median listed house price of $221,894 in Lakeside was an above average compared to the rest of Nova Scotia.
This month we track 323th neighbourhoods in Nova Scotia, and Lakeside has the 323th most choice available for real estate investors.
Can we guarantee how well Lakeside is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lakeside there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When we look at the data we have, it can help with trying to establish whether or not Lakeside is a good investment target.
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.