Aldershot, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 3.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 14,500 |
| Population Change | 6.9% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The Aldershot real estate market currently stands with a median house price of $485,000, which represents a 4% increase year-over-year. This steady growth in housing prices indicates a stable market that is attracting buyers and investors alike. The median apartment price is also showing an upward trend, now at $295,000, marking a 3% increase from the previous year.
The population of Aldershot has experienced significant growth, with a current count of 15,500 residents reflecting a 6.9% increase. This demographic trend suggests an expanding market that could lead to increased demand for housing in the area.
Investment Opportunities and Potential
Given the current market trends and population growth, Aldershot presents attractive investment opportunities. The consistent rise in property values implies that investing in residential real estate could yield profitable returns. Single-family homes are particularly promising due to their higher year-over-year price appreciation.
Apartments also offer a viable investment opportunity with a solid 3% annual price increase. Investors looking at rental properties or entry-level purchases might find apartments particularly appealing due to their lower price point compared to houses.
The influx of residents suggests that there will be sustained demand for both rental and owner-occupied properties. As such, developers and investors could benefit from focusing on creating additional housing units to meet this growing need.
Future Market Outlook
The future outlook for the Aldershot real estate market remains positive. With ongoing population growth and consistent increases in property values, the market is expected to maintain its upward trajectory. The economic stability of the region coupled with potential infrastructure developments could further bolster property demand and prices.
Prospective investors should monitor the market closely for signs of saturation or shifts in demographic trends. However, given the current data, Aldershot’s real estate market is poised for continued growth and remains an attractive locale for both residential buyers and real estate investors.
