The $151,250 price tag on the median Londonderry home means that it is below the national norm.
This month we track 206th neighbourhoods in Nova Scotia, and Londonderry has the 206th most choice available for real estate investors.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Londonderry 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.
Over the last three months in Londonderry, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Can we guarantee how well Londonderry 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.
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.