Cape Breton Real Estate (2018 Update)
April 01, 2018 |
| Click on the image to view full size infographic. |
Welcome to the 2018 Manley Law Real Estate Update. We do this every year to ensure our clients have a good idea of the housing trends on the island.
As of April 2018 there were 531 houses listed for sale in Cape Breton. That's down from 663 this time last year.
Of the houses currently listed, the least expensive was being offered for $19,000, while the most expensive home listed for sale was priced at $1,200,000.
The average price of a residential home in Cape Breton was $128,000 in the last quarter of 2017 - that's a 4.3% increase from the same time in 2016. The Average price for Nova Scotia is currently $240,000 and the average price for Canada is $494,309.
Residential home sales in Cape Breton increased 3.7% in the last quarter of 2017, compared with the fourth quarter of 2016. Compare that to the average increase of 9.1% for all of Nova Scotia.
In 2017, 2,808 people moved to Nova Scotia from other provinces - an increase of 11.4% from 2016. International immigration added 900 people to the province.
Pretty interesting stuff.
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| This post was written by Anna Manley. If you'd like to contact Anna you can send her an email: anna@manleylaw.ca |
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