Lake EchoHousing market

Lake Echo

Lake Echo Housing Market Report

Strong Seller's Market

All types - for the month of March

Buyer's market Seller's market

1

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

76

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

1 active

New

1(-66.67% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 3, in 2023: 0, in 2022: 0

Total Sold Listings*

2 sold

Median Sold Price

$308,750

Avg Days on Market

76 days

Median Bidding

-$11,150

Compared to number of sold, same period, in 2024: 2, in 2023: 3, in 2022: 2

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - Lake Echo - All types

Sold vs Active vs New vs Relisted - Lake Echo - All types

Sold Price Distribution - Lake Echo - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Lake Echo - All types

Property type distribution based on data from the last 3 months.

Median Price - Lake Echo - All types

Just listed - Lake Echo

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2 days on market

47 Theresa Crt, Lake Echo

Detached321632 sq ft

Listed by Century 21 Trident Realty Ltd.

Home with brick exterior material, street for 137 Beech Hill Dr, Lake Echo Nova Scotia B3E 1A7

7 days on market

137 Beech Hill Dr, Lake Echo

Detached532857 sq ft

Listed by Keller Williams Select Realty

Home with vinyl exterior material, building for 2709 Highway 7, Lake Echo Nova Scotia B3E 1A3

17 days on market

2709 Highway 7 , Lake Echo

Detached333456 sq ft

Listed by Exit Realty Metro

Just sold - Lake Echo

Shed for 3293 Highway 7, Lake Echo Nova Scotia B3E 1C6

Sold 25 days ago

Sold for $499,000

$51K below asking

3293 Highway 7 , Lake Echo

Detached--4498 sq ft

Listed by Century 21 Trident Realty Ltd.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 43 Bell Street, Lake Echo Nova Scotia B3E 1N3

Sold 26 days ago

Sold for $474,900

43 Bell Street , Lake Echo

Detached33+11991 sq ft

Listed by Keller Williams Select Realty

A pic from exterior of the house or condo, the front or back of building for 96 Theresa Crt, Lake Echo Nova Scotia B3E 1B1

Sold 50 days ago

Sold for $385,000

$15K below asking

96 Theresa Crt, Lake Echo

Detached522200 sq ft

Listed by Keller Williams Select Realty

Standard kitchen, ceramic/tile floor for 90 Bumpy Lane, Lake Echo Nova Scotia B3E 1B8

Sold 53 days ago

Sold for $232,500

$7K below asking

90 Bumpy Lane, Lake Echo

Detached31910 sq ft

Listed by RE/MAX Nova

A pic from exterior of the house or condo, cottage for 2 Bashful Ave, Lake Echo Nova Scotia B3E 1B9

Sold 57 days ago

Sold for $169,900

$5K below asking

2 Bashful Ave, Lake Echo

Detached31768 sq ft

Listed by RE/MAX Nova

A pic from exterior of the house or condo, cottage for 121 Martin Lake Dr, Lake Echo Nova Scotia B3E 1B4

Sold 78 days ago

Sold for $417,000

$58K below asking

121 Martin Lake Dr, Lake Echo

Detached62+12379 sq ft

Listed by Engel & Volkers

Frontside or backside of a home, cottage for 81 Joyce Crt, Lake Echo Nova Scotia B3E 1A8

Sold 112 days ago

Sold for $475,200

$75K above asking

81 Joyce Crt, Lake Echo

Detached32+12118 sq ft

Listed by Press Realty Inc.

Frontside or backside of a home, cottage for 33 Carleton Dr, Lake Echo Nova Scotia B3E 1A1

Sold 135 days ago

Sold for $423,000

33 Carleton Dr, Lake Echo

Detached311242 sq ft

Listed by East Coast Realty Ltd.

Home with vinyl exterior material for 34 Sandra Dr, Lake Echo Nova Scotia B3E 1M5

Sold 148 days ago

Sold for $530,000

$20K below asking

34 Sandra Dr, Lake Echo

Detached422251 sq ft

Listed by Exit Realty Metro

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Sold 154 days ago

Sold for $445,000

$24K below asking

39 Old Lake Echo Rd, Lake Echo

Detached22+11477 sq ft

Listed by Sutton Group Professional Realty

Population and Demographics

Overview

Total population 3313

Average household income $108,769

Age (%)

50 to 64

24%

0 to 19

22%

35 to 49

21%

20 to 34

18%

65 and plus

16%

Household composition (%)

Single family

71%

Single person

24%

Multi person

5%

Multi family

0%

Mother tongue (%)

English

97%

French

3%

Others

1%

House tenancy (%)

Owners

92%

Renters

8%

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

0/5

Other transportation modes are needed to reach day-to-day needs

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

0/5

Few or no cafés within walking distance

Groceries

0/5

No grocery stores within walking distance

Nightlife

0/5

Few or no bars within walking distance

Shopping

0/5

Few or no shops within walking distance

Restaurants

1/5

Few or no restaurants within walking distance