According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Pinehurst Home Price
Across the nation CREW lists data for 5260 neighbourhoods, and this month Pinehurst is number 4091 putting it behind most of Canada .
The median house price listed in Pinehurst this month is $144,900.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in May this neighbourhood’s most common listing the same as the national average.
According to our stats, Pinehurst is the neighbourhood that has the 370th most properties available to real estate investors in Nova Scotia.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Pinehurst 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 Pinehurst there is more stock than three months ago. This would indicate pressure on prices easing.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Pinehurst will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Pinehurst, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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