Aldershot, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $512,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $512,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Aldershot, Nova Scotia, is currently experiencing a period of moderate growth. The median house price stands at $512,000, with a year-over-year increase of 4%. This indicates a steady yet controlled appreciation in property values, suggesting a stable market that avoids the volatility seen in some other regions.
Similarly, the apartment sector shows resilience with a median price of $295,000, following a year-over-year uptrend of 2.5%. This slower pace of growth compared to houses may reflect a more significant demand for detached homes or could indicate an untapped opportunity in the apartment market.
With a population of 15,200 and an above-average growth rate of 2.7%, Aldershot is experiencing demographic expansion that could further drive housing demand. The current trends suggest that there is ongoing interest in the area’s real estate, both from potential homeowners and renters.
2. Investment Opportunities and Potential
Aldershot’s rising population and consistent property value increases present clear opportunities for investment. The steady house price trend provides investors with the confidence to expect continued capital gains while also offering the potential for rental income as housing demand grows alongside the population.
The apartment market’s slightly lower growth rate may be particularly appealing to investors looking for long-term value. With median prices significantly more affordable than houses, apartments could be an entry point into the market for those with less capital. Furthermore, as population density increases in urban areas like Aldershot, apartments may become increasingly desirable.
In terms of development, new construction catering to the growing demand for housing could be lucrative. Given the current trends, properties aimed at middle-income earners are likely to see sustained interest.
3. Future Market Outlook
The future outlook for Aldershot’s real estate market remains optimistic. Continued population growth will likely fuel further demand for housing in both the private purchase and rental sectors. Should current economic conditions persist, with low-interest rates and economic stability in the region, we can expect ongoing moderate appreciation in property values.
The 4% annual increase in house prices suggests that Aldershot is on a sustainable growth path rather than an overheated market susceptible to sharp corrections. This balanced growth bodes well for future investment security and long-term planning.
In summary, Aldershot presents itself as an attractive market with solid fundamentals: moderate but consistent price growth, demographic expansion, and a diverse range of investment opportunities geared towards both immediate rental yields and long-term capital gains.
