The median asking price in Tennycape is $129,000, quite a drop from the median three months ago which was $189,900 .
The $129,000 price tag on the median Tennycape home means that it is very cheap in comparison to the rest of the nation.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Nova Scotia has the fifth most amount of properties available to property investors, with Tennycape having 264th most in the province, out of a total of 825.
It’s never an exact art, but to try to forecast how property is going to appreciate in Tennycape for investors, it’s important to look at data like:
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Tennycape have increased which would tend to indicate that demand is not as high as supply.
Is Tennycape a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.