Antrim, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
Median price | $500,000 |
Monthly growth | 1.2% |
Quarterly trend | 3.5% |
Stock on market | 0.8% |
Apartment
Median price | $300,000 |
Monthly growth | 0.9% |
Quarterly trend | 2.1% |
Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $500,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $250,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,000 |
Population Change | 7.1% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Antrim, Nova Scotia is currently experiencing moderate growth. The median house price stands at $500,000, with a year-over-year price trend increase of 3.5%. This rate of growth indicates a healthy market that is steadily appreciating, making it an attractive option for homeowners looking for long-term value retention.
Similarly, the median apartment price is $300,000, with a more modest growth rate of 2.1% year-over-year. The slower growth rate in apartment prices compared to houses suggests that there may be higher demand for single-family homes, but it also points to potential affordability and entry-level opportunities in the apartment sector.
Antrim’s population stands at 15,000, with a significant population growth of 7.1%. This rapid increase in residents could be indicative of Antrim’s growing appeal as a residential destination, which may lead to increased housing demand.
2. Investment Opportunities and Potential
The consistent upward trend in property values coupled with significant population growth suggests that Antrim holds considerable promise for real estate investors. The rise in median house prices indicates that purchasing residential properties could yield solid returns through both rental income and capital appreciation over time.
In addition to traditional home purchases, investors might consider exploring the apartment market due to its lower entry cost and potential for rental income, particularly targeting the influx of new residents who may be seeking more affordable housing options before transitioning into home ownership.
Given the town’s growing population, there may also be opportunities for investment in new construction and development projects to meet the increasing demand for housing.
3. Future Market Outlook
The future outlook for Antrim’s real estate market remains optimistic. The steady increase in property values is likely to continue as the population grows and demand for housing rises. If current trends persist, we can expect both the house and apartment markets to maintain their positive trajectory.
The local economy’s health will be a critical determinant of long-term real estate performance. Assuming economic stability and continued investment in local infrastructure and amenities, Antrim’s real estate market could see sustained growth well into the future.
Prospective buyers and investors should monitor regional economic indicators, local development plans, and national mortgage rates as these factors will influence the market dynamics going forward.