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Lochaber, NS

Updated: Aug 2016
House
Median price $114,750
Monthly growth -14.52 %
Quarterly trend
Stock on market 0.15%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Lochaber Home Price

The median asking price in Lochaber is $114,750, quite a drop from the median three months ago which was $184,948 .

The $114,750 price tag on the median Lochaber home means that it is very cheap in comparison to the rest of the nation.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

This month we track 206th neighbourhoods in Nova Scotia, and Lochaber has the 206th most choice available for real estate investors.

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

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 Lochaber, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 6.

When we look at the data we have, it can help with trying to establish whether or not Lochaber is a good investment target.

Over the last three months in Lochaber, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.

Beds Median price (House) Median price (Apartment)
4 bedrooms $187,750
Demographics
  • Population in 20118253
  • Population in 20067730
  • 2006 to 2011 population change (%)6.8
  • Total private dwellings4082
  • Private dwellings occupied by usual residents3229
  • Population density per square kilometre8.9
  • Land area (square km)927.79