With a median listing price of $54,500, Scotchtown is Canada’s 5121th most expensive when ordered by median listing price.
The median house price listed in Scotchtown this month is $54,500.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Scotchtown will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Scotchtown 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.
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.