Real Estate Market Report for
Spa Springs, NS

Updated : Nov 2015
House
  • Median price $137,400
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.08%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Spa Springs Home Price

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In Nov the median listed house price of $137,400 in Spa Springs was a below average compared to the rest of Nova Scotia.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

Across Nova Scotia Spa Springs has the 129th most properties on offer with 197.

Will prices rise across the next year in in Spa Springs? There are a number of real estate indicators to consider.

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.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Nov this neighbourhood’s most common listing the same as the national average.

When we look at the data we have, it can help with trying to establish whether or not Spa Springs is a good investment target.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Spa Springs there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
3 bedrooms $137,400
Demographics
  • Population in 20115016
  • Population in 20065085
  • 2006 to 2011 population change (%)-1.4
  • Total private dwellings2434
  • Private dwellings occupied by usual residents2161
  • Population density per square kilometre24.2
  • Land area (square km)207.55
  • Age Characteristics
    Total population by age groups 5015
    0 to 4 years 215
    5 to 9 years 220
    10 to 14 years 290
    15 to 19 years 300
    15 years 60
    16 years 60
    17 years 65
    18 years 60
    19 years 55
    20 to 24 years 245
    25 to 29 years 200
    30 to 34 years 240
    35 to 39 years 260
    40 to 44 years 320
    45 to 49 years 505
    50 to 54 years 495
    55 to 59 years 405
    60 to 64 years 365
    65 to 69 years 330
    70 to 74 years 220
    75 to 79 years 190
    80 to 84 years 110
    85 years and over 95
    Median age of the population 47.3
    % of the population aged 15 and over 85.4
  • Marital Status
    Total population 15 years and over by marital status 4285
    Married or living with a common-law partner 2840
    Married (and not separated) 2320
    Living common-law 525
    Not married and not living with a common-law partner 1440
    Single (never legally married) 810
    Separated 120
    Divorced 255
    Widowed 255
    Family Characteristics
    Total number of census families in private households 1615
    Size of census family: 2 persons 1005
    Size of census family: 3 persons 290
    Size of census family: 4 persons 230
    Size of census family: 5 or more persons 95
    Total number of census families in private households 1610
    Total couple families by family structure and number of children 1410
    Married couples 1145
    Without children at home 710
    With children at home 435
    1 child 185
    2 children 180
    3 or more children 70
    Common-law couples 260
    Without children at home 150
    With children at home 115
    1 child 50
    2 children 40
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 200
    Female parent 150
    1 child 105
    2 children 40
    3 or more children 5
    Male parent 55
    1 child 35
    2 children 10
    3 or more children 5
    Total children in census families in private households 1270
    Under six years of age 260
    6 to 14 years 470
    15 to 17 years 170
    18 to 24 years 250
    25 years and over 110
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 4990
    Number of persons not in census families 695
    Living with relatives 45
    Living with non-relatives only 135
    Living alone 515
    Number of census family persons 4290
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 925
    Number of persons not in census families aged 65 years and over 245
    Living with relatives 20
    Living with non-relatives only 20
    Living alone 210
    Number of census family persons aged 65 years and over 680
    Total number of private households by household type 2160
    Census-family households 1595
    One-family-only households 1515
    Couple-family households 1355
    Without children 830
    With children 530
    Lone-parent-family households 165
    Other family households 80
    One-family households with persons not in a census family 60
    Couple-family households 35
    Without children 25
    With children 15
    Lone-parent-family households 25
    Two-or-more-family households 20
    Non-census-family households 570
    One-person households 515
    Two-or-more-person households 55
    Total number of occupied private dwellings by structural type of dwelling 2160
    Single-detached house 1905
    Apartment, building that has five or more storeys 0
    Movable dwelling 80
    Other dwelling 175
    Semi-detached house 70
    Row house 5
    Apartment, duplex 15
    Apartment, building that has fewer than five storeys 80
    Other single-attached house 5
    Total number of private households by household size 2165
    1 person 510
    2 persons 985
    3 persons 310
    4 persons 240
    5 persons 75
    6 or more persons 40
    Number of persons in private households 4990
    Average number of persons in private households 2.3
Census 2011

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