Across the nation CREW lists data for 5162 neighbourhoods, and this month Martins Point is number 1618 putting it in the top half of the country .
The $287,000 price tag on the median Martins Point home means that it is above the cost of most houses in the country.
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.
There are 825 neighbourhoods that have more properties on sale than Martins Point at the moment in Nova Scotia which puts the neighbourhood middle range when looking at the number of properties to choose from.
Can we guarantee how well Martins 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.
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 Martins Point, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 7, this month we show 4.
When we look at the data we have, it can help with trying to establish whether or not Martins Point is a good investment target.
Over the last three months in Martins Point, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.