Ardoise, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
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 | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| 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 real estate market in Ardoise, Nova Scotia is currently experiencing a period of steady growth. With a median house price of $485,000, there has been a year-over-year increase of 4%, indicating a healthy demand for homes in the area. Similarly, the median apartment price stands at $295,000, with a slightly lower growth trend of 2.5% year-over-year. This suggests that while the market for apartments is growing, it is doing so at a more modest pace compared to houses.
The population of Ardoise is currently approximately 15,500 residents, with a robust population growth rate of 3.3%. This growth can contribute to sustained demand for housing in the region and may help maintain the current upward trajectory in property values.
Investment Opportunities and Potential
Given the stable increase in property values and consistent population growth, Ardoise presents several attractive investment opportunities. The steady appreciation of house prices implies that purchasing residential properties could yield solid returns over time. Investors considering rental properties might find that apartments, with their lower purchase price and positive trend in value, offer an accessible entry point into the market.
Furthermore, the ongoing population growth suggests that there will be a continued need for both rental and owner-occupied housing. This demographic trend can provide long-term stability for investors looking to build or preserve wealth through real estate holdings in Ardoise.
Future Market Outlook
The future market outlook for Ardoise’s real estate appears positive. The combination of steady property value increases and significant population growth positions the area as a potentially lucrative market for both current homeowners and potential investors.
If the current trends persist, we can expect to see ongoing demand for housing which should support further property value appreciation. However, it’s important for stakeholders to monitor economic factors that could influence interest rates, employment levels, and consumer confidence, as these elements can have substantial impacts on real estate markets.
In conclusion, based on current data and trends, Ardoise’s real estate market seems promising for those looking to invest or reside in the area. As always, potential buyers and investors should conduct thorough due diligence and consider partnering with local real estate professionals to navigate this dynamic market effectively.
