Real Estate Market Report for
Lunenburg, NS

Updated : Aug 2016
House
  • Median price $278,500
  • Monthly growth 39.31 %
  • Quarterly trend
  • Stock on market 3.29%
Apartment
  • Median price $245,000
  • Monthly growth 10.60 %
  • Quarterly trend
  • Stock on market 0.52%
Lunenburg Home Price

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With a median listing price of $278,500, Lunenburg is Canada’s 1735th most expensive when ordered by median listing price.

When our research team crunched the numbers we calculated that Lunenburg has a median home price of $278,500.

Across Nova Scotia Lunenburg has the 36th most properties on offer with 825.

It’s never an exact art, but to try to forecast how property is going to appreciate in Lunenburg for investors, it’s important to look at data like:

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lunenburg there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

With a median listing price of $245,000, Lunenburg is Canada’s 380th most expensive when ordered by median listing price.

When our research team crunched the numbers we calculated that Lunenburg has a median home price of $245,000.

As one of Nova Scotia’s many potential real estate investment neighbourhoods, Lunenburg 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.

Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.

Beds Median price (House) Median price (Apartment)
2 bedrooms $254,450
3 bedrooms $237,000
4 bedrooms $279,000
5 bedrooms $262,250
Demographics
  • Population in 20112313
  • Population in 20062317
  • 2006 to 2011 population change (%)-0.2
  • Total private dwellings1155
  • Private dwellings occupied by usual residents1039
  • Population density per square kilometre576.9
  • Land area (square km)4.01
  • Age Characteristics
    Total population by age groups 2310
    0 to 4 years 75
    5 to 9 years 75
    10 to 14 years 95
    15 to 19 years 120
    15 years 25
    16 years 20
    17 years 35
    18 years 15
    19 years 20
    20 to 24 years 100
    25 to 29 years 90
    30 to 34 years 80
    35 to 39 years 110
    40 to 44 years 140
    45 to 49 years 145
    50 to 54 years 200
    55 to 59 years 150
    60 to 64 years 200
    65 to 69 years 175
    70 to 74 years 130
    75 to 79 years 130
    80 to 84 years 110
    85 years and over 175
    Median age of the population 52.8
    % of the population aged 15 and over 89.5
  • Marital Status
    Total population 15 years and over by marital status 2065
    Married or living with a common-law partner 1160
    Married (and not separated) 960
    Living common-law 205
    Not married and not living with a common-law partner 905
    Single (never legally married) 420
    Separated 65
    Divorced 135
    Widowed 290
    Family Characteristics
    Total number of census families in private households 645
    Size of census family: 2 persons 410
    Size of census family: 3 persons 125
    Size of census family: 4 persons 80
    Size of census family: 5 or more persons 25
    Total number of census families in private households 640
    Total couple families by family structure and number of children 545
    Married couples 450
    Without children at home 280
    With children at home 165
    1 child 85
    2 children 60
    3 or more children 25
    Common-law couples 95
    Without children at home 60
    With children at home 35
    1 child 15
    2 children 15
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 95
    Female parent 80
    1 child 60
    2 children 20
    3 or more children 0
    Male parent 15
    1 child 15
    2 children 5
    3 or more children 5
    Total children in census families in private households 470
    Under six years of age 85
    6 to 14 years 165
    15 to 17 years 75
    18 to 24 years 100
    25 years and over 50
    Average number of children at home per census family 0.7
  • Household And Dwelling Characteristics
    Total number of persons in private households 2125
    Number of persons not in census families 465
    Living with relatives 25
    Living with non-relatives only 55
    Living alone 385
    Number of census family persons 1660
    Average number of persons per census family 2.6
    Total number of persons 65 years and over in private households 565
    Number of persons not in census families aged 65 years and over 225
    Living with relatives 20
    Living with non-relatives only 5
    Living alone 200
    Number of census family persons aged 65 years and over 335
    Total number of private households by household type 1040
    Census-family households 630
    One-family-only households 595
    Couple-family households 510
    Without children 325
    With children 190
    Lone-parent-family households 85
    Other family households 35
    One-family households with persons not in a census family 25
    Couple-family households 15
    Without children 10
    With children 10
    Lone-parent-family households 10
    Two-or-more-family households 10
    Non-census-family households 405
    One-person households 380
    Two-or-more-person households 25
    Total number of occupied private dwellings by structural type of dwelling 1040
    Single-detached house 720
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 320
    Semi-detached house 30
    Row house 0
    Apartment, duplex 25
    Apartment, building that has fewer than five storeys 255
    Other single-attached house 5
    Total number of private households by household size 1035
    1 person 380
    2 persons 405
    3 persons 130
    4 persons 80
    5 persons 25
    6 or more persons 15
    Number of persons in private households 2125
    Average number of persons in private households 2
Census 2011

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