Real Estate Market Report for
New Salem, NS

Updated : May 2015
House
  • Median price $189,900
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.21%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
New Salem Home Price

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Across the nation CREW lists data for 5260 neighbourhoods, and this month New Salem is number 3160 putting it in the bottom half of the country .

With New Salem’s median house price at $189,900 in May , it is about average compared to the rest of Nova Scotia.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then New Salem has fewer than average compared to the rest of the province

When we look at the data we have, it can help with trying to establish whether or not New Salem 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.

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.

In New Salem, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
3 bedrooms $134,450
Demographics
  • 2006 to 2011 population change (%)-5.3
  • Total private dwellings1427
  • Private dwellings occupied by usual residents1004
  • Population density per square kilometre1.9
  • Land area (square km)1114.99
  • Population in 20112141
  • Population in 20062261
  • Age Characteristics
    Total population by age groups 2140
    0 to 4 years 75
    5 to 9 years 75
    10 to 14 years 85
    15 to 19 years 115
    15 years 20
    16 years 30
    17 years 20
    18 years 10
    19 years 25
    20 to 24 years 80
    25 to 29 years 80
    30 to 34 years 75
    35 to 39 years 90
    40 to 44 years 115
    45 to 49 years 140
    50 to 54 years 185
    55 to 59 years 200
    60 to 64 years 235
    65 to 69 years 195
    70 to 74 years 155
    75 to 79 years 100
    80 to 84 years 70
    85 years and over 80
    Median age of the population 54.2
    % of the population aged 15 and over 88.9
  • Marital Status
    Total population 15 years and over by marital status 1910
    Married or living with a common-law partner 1220
    Married (and not separated) 985
    Living common-law 235
    Not married and not living with a common-law partner 690
    Single (never legally married) 350
    Separated 45
    Divorced 115
    Widowed 180
    Family Characteristics
    Total number of census families in private households 705
    Size of census family: 2 persons 500
    Size of census family: 3 persons 110
    Size of census family: 4 persons 75
    Size of census family: 5 or more persons 25
    Total number of census families in private households 705
    Total couple families by family structure and number of children 600
    Married couples 485
    Without children at home 355
    With children at home 130
    1 child 65
    2 children 45
    3 or more children 20
    Common-law couples 115
    Without children at home 70
    With children at home 45
    1 child 20
    2 children 20
    3 or more children 10
    Total lone-parent families by sex of parent and number of children 105
    Female parent 80
    1 child 60
    2 children 15
    3 or more children 10
    Male parent 25
    1 child 15
    2 children 10
    3 or more children 0
    Total children in census families in private households 450
    Under six years of age 90
    6 to 14 years 140
    15 to 17 years 65
    18 to 24 years 85
    25 years and over 65
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 2115
    Number of persons not in census families 360
    Living with relatives 40
    Living with non-relatives only 40
    Living alone 285
    Number of census family persons 1755
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 580
    Number of persons not in census families aged 65 years and over 180
    Living with relatives 10
    Living with non-relatives only 10
    Living alone 160
    Number of census family persons aged 65 years and over 400
    Total number of private households by household type 1000
    Census-family households 695
    One-family-only households 655
    Couple-family households 565
    Without children 405
    With children 165
    Lone-parent-family households 90
    Other family households 40
    One-family households with persons not in a census family 30
    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 305
    One-person households 285
    Two-or-more-person households 20
    Total number of occupied private dwellings by structural type of dwelling 1005
    Single-detached house 930
    Apartment, building that has five or more storeys 0
    Movable dwelling 25
    Other dwelling 45
    Semi-detached house 0
    Row house 0
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 40
    Other single-attached house 5
    Total number of private households by household size 1005
    1 person 285
    2 persons 490
    3 persons 110
    4 persons 85
    5 persons 30
    6 or more persons 10
    Number of persons in private households 2115
    Average number of persons in private households 2.1
Census 2011

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