Is Southdale a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Southdale, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
When looking across the province, Southdale is the 9th most expensive in Nova Scotia.
In Aug the median listed house price of $312,350 in Southdale was an impressive 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.
Nova Scotia has the sixth least amount of properties available to property investors, with Southdale having 37th most in the province, out of a total of 51.
It’s never an exact art, but to try to forecast how property is going to appreciate in Southdale for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Southdale there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.