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Mill Section, NS

Updated: Nov 2015
House
Median price $172,400
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.03%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Mill Section Home Price

When looking across the province, Mill Section is the 100th most expensive in Nova Scotia.

While the median for Nova Scotia is $175,000 , which means that Mill Section’s median price is $172,400 below average than the rest of the province.

4 bedroom properties are the most common available for real estate investors this month in neighbourhood.

According to our stats, Mill Section is the neighbourhood that has the 129th most properties available to real estate investors in Nova Scotia.

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

In Mill Section, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

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.

As one of Nova Scotia’s many potential real estate investment neighbourhoods, Mill Section 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 Mill Section there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
4 bedrooms $172,400
Demographics
  • Land area (square km)1241.95
  • Population in 201114165
  • Population in 200613871
  • 2006 to 2011 population change (%)2.1
  • Total private dwellings6205
  • Private dwellings occupied by usual residents5730
  • Population density per square kilometre11.4