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Upper Nine Mile River, NS

Updated: Aug 2016
House
Median price $298,000
Monthly growth 98.79 %
Quarterly trend
Stock on market 0.03%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Upper Nine Mile River Home Price

Upper Nine Mile River was Canada’s 1503th most expensive suburb by listed median house price this month.

The $298,000 price tag on the median Upper Nine Mile River home means that it is above the cost of most houses in the country.

Across Nova Scotia Upper Nine Mile River has the 417th most properties on offer with 825.

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.

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 Upper Nine Mile River, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 3.

When we look at the data we have, it can help with trying to establish whether or not Upper Nine Mile River 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.

Beds Median price (House) Median price (Apartment)
3 bedrooms $212,400
Demographics
  • Population in 201122111
  • Population in 200621397
  • 2006 to 2011 population change (%)3.3
  • Total private dwellings9396
  • Private dwellings occupied by usual residents8550
  • Population density per square kilometre12.4
  • Land area (square km)1786.47