Sandy MacKay, a top local realtor from the Hamilton area, says that investors should be paying attention to the city as it has a lot to offer.
Nail Pond Home Price
When looking across the province, Nail Pond is the 95th most expensive in Prince Edward Island.
The $199,500 price tag on the median Nail Pond home means that it is about average price.
If you’re looking at investment properties in Nail Pond, then you’re most likely to find homes with 4 bedrooms on sale this month.
According to our stats, Nail Pond is the neighbourhood that has the 87th most properties available to real estate investors in Prince Edward Island.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Nail Pond 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.
In Nail Pond, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Nail Pond have stayed pretty much the same which would tend to indicate that demand is steady.
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