When looking across the province, Melvern Square is the 331th most expensive in Nova Scotia.
With Melvern Square’s median house price at $226,400 in Aug , it is about average compared to the rest of Nova Scotia.
There are 825 neighbourhoods that have more properties on sale than Melvern Square at the moment in Nova Scotia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Melvern Square is a good investment target.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
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.
Will prices rise across the next year in in Melvern Square? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Melvern Square there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.