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East Port Medway, NS

Updated: May 2015
House
Median price $162,450
Monthly growth -2.98 %
Quarterly trend
Stock on market 0.03%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

East Port Medway Home Price

The median asking price in East Port Medway is $162,450, less than the median three months ago which was $167,450 .

While the median for Nova Scotia is $234,900 , which means that East Port Medway’s median price is $162,450 below average than the rest of the province.

As one of Nova Scotia’s many potential real estate investment neighbourhoods, East Port Medway 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.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In East Port Medway, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.

It’s never an exact art, but to try to forecast how property is going to appreciate in East Port Medway for investors, it’s important to look at data like:

If you are looking at investment properties in East Port Medway, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Beds Median price (House) Median price (Apartment)
2 bedrooms $229,700
Demographics
  • Population in 201110917
  • Population in 200611177
  • 2006 to 2011 population change (%)-2.3
  • Total private dwellings6427
  • Private dwellings occupied by usual residents4798
  • Population density per square kilometre4.6
  • Land area (square km)2392.85