Chelsea Home Price
Across the country as a whole, Chelsea is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Nova Scotia is $232,500 , which means that Chelsea’s median price is $169,900 below average than the rest of the province.
Across Nova Scotia Chelsea has the 264th most properties on offer with 825.
It’s never an exact art, but to try to forecast how property is going to appreciate in Chelsea 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 Chelsea there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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