Across the nation CREW lists data for 5162 neighbourhoods, and this month Malagash Point is number 1124 putting it ahead of most neighbourhoods .
With Malagash Point’s median house price at $339,000 in Aug , it is high priced compared to the rest of Nova Scotia.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
This month we track 323th neighbourhoods in Nova Scotia, and Malagash Point has the 323th most choice available for real estate investors.
Can we guarantee how well Malagash Point 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 Malagash Point there is more stock than three months ago. This would indicate pressure on prices easing.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Malagash Point for investors, it’s important to look at data like:
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.