Arisaig, 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
Current Market Conditions and Trends in Arisaig, Nova Scotia
The current real estate market in Arisaig, Nova Scotia is characterized by steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing market is showing consistent upward momentum. The median apartment price is currently at $300,000, with a slightly lower year-over-year growth rate of 2.1%. These figures indicate a stable market with moderate growth that aligns with both regional trends and national averages.
Arisaig’s population has reached 15,000 people and has experienced a notable increase of 7.1% in population growth. This demographic shift suggests an escalating demand for housing which may continue to push property values upward. The influx of residents could be due to factors such as attractive local amenities, employment opportunities, or regional economic developments.
Investment Opportunities and Potential in Arisaig
Given Arisaig’s ascending population and consistent property value appreciation, there are significant investment opportunities within the region. The steady rise in median house prices points to the potential for long-term capital gains for investors looking at residential properties. Similarly, the apartment sector, with its positive trend in valuation, represents an opportunity for investors seeking rental income or smaller scale investments.
Furthermore, as the town continues to grow, there may be potential for development projects to meet the increasing housing demand. Investors considering new construction or renovation projects could benefit from favorable market conditions if they address the needs of incoming residents or capitalize on specific market niches such as luxury or waterfront properties.
Future Market Outlook for Arisaig
The future outlook for the Arisaig real estate market remains optimistic based on current data trends and demographic shifts. Assuming continued population growth and economic stability within Nova Scotia, it is likely that both housing and apartment markets will maintain their upward trajectories in terms of value appreciation.
In addition to organic growth driven by population increases, there may also be external factors such as government policies on infrastructure development or incentives for new businesses that could further stimulate the local economy and by extension, enhance property values.
Investors should monitor key indicators such as employment rates, migration patterns, and any changes in provincial regulations that might impact real estate markets. Staying informed on these aspects will help anticipate shifts in market dynamics and allow stakeholders to make well-informed decisions concerning property investments in Arisaig.
