Atlanta, 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| 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 Atlanta, Nova Scotia, is currently marked by steady growth. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. The apartment segment shows a similar upward trend, though at a slightly slower pace, with the median apartment price now at $300,000 and an annual growth rate of 2.1%. These figures indicate healthy demand and a robust housing market.
The local population has seen a significant rise of 3.4%, bringing the total to approximately 15,000 residents. This growth has likely contributed to the steady increase in property values as more individuals and families seek housing in the area.
Investment Opportunities and Potential
Given the current trends, Atlanta presents attractive investment opportunities for both residential properties and rental accommodations. The consistent population growth suggests a continued demand for housing, which bodes well for investors looking to capitalize on both capital appreciation and potential rental income.
The stronger performance of the detached housing market indicates that single-family homes may offer better long-term growth potential. However, with apartment prices also showing steady increases, investing in multi-family units could be lucrative for those seeking to cater to individuals or smaller households who prefer apartment living.
Future Market Outlook
The future outlook for Atlanta’s real estate market remains optimistic based on current trends. If the population continues to grow at or above the current rate of 3.4%, demand for housing will likely sustain or even push property values higher.
Several factors may influence this outlook, including economic conditions, interest rates, and local developments. However, barring any significant negative economic changes, Atlanta’s real estate market appears poised for continued moderate growth. Investors and homebuyers should stay informed about regional developments that could impact the market but can remain cautiously optimistic about the investment potential in this region.
