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New Salem, NS

Updated: May 2015
House
Median price $189,900
Monthly growth
Quarterly trend
Stock on market 0.21%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

New Salem Home Price

Across the nation CREW lists data for 5260 neighbourhoods, and this month New Salem is number 3160 putting it in the bottom half of the country .

With New Salem’s median house price at $189,900 in May , it is about average compared to the rest of Nova Scotia.

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

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

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

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

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

Beds Median price (House) Median price (Apartment)
3 bedrooms $134,450
Demographics
  • Population in 20112141
  • Population in 20062261
  • 2006 to 2011 population change (%)-5.3
  • Total private dwellings1427
  • Private dwellings occupied by usual residents1004
  • Population density per square kilometre1.9
  • Land area (square km)1114.99