According to a report, the city’s apartment vacancy rate increased by 6.6% — the highest level since 2016.
Hermans Island Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Hermans Island is number 138 putting it ahead of most neighbourhoods .
While the median for Nova Scotia is $232,500 , which means that Hermans Island’s median price is $749,000 considerably better than the rest of the province.
Nova Scotia has the fifth most amount of properties available to property investors, with Hermans Island having 417th most in the province, out of a total of 825.
Can we guarantee how well Hermans Island 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.
In Hermans Island, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Hermans Island will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Hermans Island, 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.
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