Across the country as a whole, Mayflower is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Mayflower’s median house price at $69,500 in Aug , it is one of the cheapest neighbourhoods 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.
There are 825 neighbourhoods that have more properties on sale than Mayflower at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Mayflower 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mayflower there is more stock than three months ago. This would indicate pressure on prices easing.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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.