Ads Google

Economy, NS

Updated: Aug 2016
House
Median price $124,450
Monthly growth -16.97 %
Quarterly trend
Stock on market 0.19%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Economy Home Price

The median house price listed in Economy this month is $124,450.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Economy has a pretty average amount compared to the rest of the province

As one of Nova Scotia’s many potential real estate investment neighbourhoods, Economy 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.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Economy there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

As one of Nova Scotia’s many potential real estate investment neighbourhoods, Economy 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.

If you are looking at investment properties in Economy, 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)
3 bedrooms $99,450
4 bedrooms $272,000
Demographics
  • Population in 20113642
  • Population in 20063525
  • 2006 to 2011 population change (%)3.3
  • Total private dwellings2126
  • Private dwellings occupied by usual residents1529
  • Population density per square kilometre4.2
  • Land area (square km)877.59