Springville, Nova Scotia has a median house price of $153,950 when compiling all the home listings in Dec .
From our data, it appears that neighbourhood is number 3937th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Will prices rise across the next year in in Springville? 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 Springville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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.
Can we guarantee how well Springville 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.
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.