Antrim, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| 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 | $495,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,900 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Antrim, Nova Scotia, is currently experiencing steady growth. With a median house price of $495,000, the market has seen a year-over-year increase of 3.4%. This indicates a healthy demand for housing in the area, which may be driven by factors such as local economic development and the attractiveness of Antrim as a residential community. Meanwhile, apartments are more affordable with a median price of $295,000 and have also seen a growth trend at 2.5% year-over-year. The population of Antrim stands at 15,100 with a growth rate of 1.34%, suggesting that the area is experiencing gradual demographic expansion which could sustain demand for housing.
Investment Opportunities and Potential
For investors considering Antrim’s real estate market, there is evident potential for both short-term gains through property flipping and long-term investment through rental properties. The steady increase in housing prices suggests that purchasing now could lead to capital gains in the future. Moreover, the growth in population may lead to increased rental demand, providing an opportunity for investors to generate continuous income streams. The lower median price point for apartments compared to houses might be particularly attractive for first-time investors or those looking to diversify their portfolio with smaller investments.
Future Market Outlook
The future outlook of the Antrim real estate market appears optimistic. Assuming current trends persist, moderate but consistent growth can be anticipated both in terms of property values and population numbers. This suggests that Antrim will continue to be an attractive location for both homebuyers and investors alike. Factors such as economic stability, infrastructure development, and community services will play crucial roles in sustaining this positive trajectory. Potential investors and current homeowners should monitor these indicators closely to make informed decisions about entering or exiting the market at opportune times.
