Armdale, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
Median price | $510,000 |
Monthly growth | 1.0% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $320,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $510,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $470,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,800 |
Population Change | 2.7% |
Total Private Dwellings | 6,100 |
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 Armdale, Nova Scotia is currently experiencing a period of moderate growth. The median house price in the region is $510,000, which represents a year-over-year increase of 4%. This consistent rise in house prices reflects a healthy demand for single-family homes in the area. Similarly, the apartment market is also showing signs of upward movement with a median price of $320,000 and an annual growth rate of 2.5%. These trends suggest a stable and gradually appreciating real estate environment.
Investment Opportunities and Potential
Given the steady price appreciation in both housing and apartment sectors, Armdale presents appealing investment opportunities for both residential property investors and those looking to enter the rental market. The robust population growth of 2.7%, which currently stands at approximately 15,200 residents, indicates a growing demand for housing which is likely to continue driving property values upward. Investors should consider the potential for rental properties as well, given the region’s population dynamics and sustained interest in both buying and renting homes.
Future Market Outlook
The future outlook for Armdale’s real estate market remains optimistic. The consistent population growth coupled with ongoing development suggests that demand for housing will remain strong. This is likely to support further property value increases, making it an attractive market for long-term investment. However, investors should be mindful of broader economic conditions and monitor local developments closely to ensure their investments align with future market shifts.