Real Estate Market Report for
Springhill, NS

Updated : Aug 2016
House
  • Median price $69,900
  • Monthly growth 12.74 %
  • Quarterly trend
  • Stock on market 1.57%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Springhill Home Price

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Springhill was Canada’s 5014th most expensive suburb by listed median house price this month.

Want a cheaply priced house? Then at $69,900 this month, Springhill, Nova Scotia do not consider price wise.

Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

Nova Scotia has the fifth most amount of properties available to property investors, with Springhill having 56th most in the province, out of a total of 825.

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

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Springhill, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 28, this month we show 27.

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.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Springhill have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
2 bedrooms $52,400
3 bedrooms $72,800
4 bedrooms $106,700
Demographics
  • Population in 20113868
  • Population in 20063941
  • 2006 to 2011 population change (%)-1.9
  • Total private dwellings1718
  • Private dwellings occupied by usual residents1550
  • Population density per square kilometre346.8
  • Land area (square km)11.15
  • Age Characteristics
    Total population by age groups 3870
    0 to 4 years 170
    5 to 9 years 180
    10 to 14 years 200
    15 to 19 years 245
    15 years 40
    16 years 50
    17 years 45
    18 years 45
    19 years 60
    20 to 24 years 235
    25 to 29 years 225
    30 to 34 years 220
    35 to 39 years 230
    40 to 44 years 265
    45 to 49 years 295
    50 to 54 years 280
    55 to 59 years 290
    60 to 64 years 265
    65 to 69 years 215
    70 to 74 years 145
    75 to 79 years 125
    80 to 84 years 115
    85 years and over 150
    Median age of the population 44.2
    % of the population aged 15 and over 85.7
  • Marital Status
    Total population 15 years and over by marital status 3320
    Married or living with a common-law partner 1590
    Married (and not separated) 1265
    Living common-law 325
    Not married and not living with a common-law partner 1730
    Single (never legally married) 1060
    Separated 115
    Divorced 220
    Widowed 335
    Family Characteristics
    Total number of census families in private households 995
    Size of census family: 2 persons 550
    Size of census family: 3 persons 240
    Size of census family: 4 persons 140
    Size of census family: 5 or more persons 60
    Total number of census families in private households 995
    Total couple families by family structure and number of children 765
    Married couples 600
    Without children at home 330
    With children at home 275
    1 child 145
    2 children 90
    3 or more children 40
    Common-law couples 165
    Without children at home 80
    With children at home 80
    1 child 30
    2 children 35
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 225
    Female parent 190
    1 child 105
    2 children 60
    3 or more children 20
    Male parent 35
    1 child 25
    2 children 5
    3 or more children 5
    Total children in census families in private households 955
    Under six years of age 205
    6 to 14 years 340
    15 to 17 years 140
    18 to 24 years 170
    25 years and over 100
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 3405
    Number of persons not in census families 690
    Living with relatives 70
    Living with non-relatives only 80
    Living alone 535
    Number of census family persons 2715
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 675
    Number of persons not in census families aged 65 years and over 290
    Living with relatives 25
    Living with non-relatives only 10
    Living alone 260
    Number of census family persons aged 65 years and over 380
    Total number of private households by household type 1550
    Census-family households 975
    One-family-only households 900
    Couple-family households 710
    Without children 385
    With children 320
    Lone-parent-family households 185
    Other family households 75
    One-family households with persons not in a census family 50
    Couple-family households 35
    Without children 15
    With children 20
    Lone-parent-family households 20
    Two-or-more-family households 20
    Non-census-family households 575
    One-person households 535
    Two-or-more-person households 45
    Total number of occupied private dwellings by structural type of dwelling 1550
    Single-detached house 1245
    Apartment, building that has five or more storeys 0
    Movable dwelling 20
    Other dwelling 285
    Semi-detached house 45
    Row house 50
    Apartment, duplex 30
    Apartment, building that has fewer than five storeys 160
    Other single-attached house 0
    Total number of private households by household size 1550
    1 person 535
    2 persons 525
    3 persons 250
    4 persons 155
    5 persons 65
    6 or more persons 25
    Number of persons in private households 3405
    Average number of persons in private households 2.2
Census 2011

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