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 | $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
The real estate market in Atlanta, Nova Scotia, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is showing healthy upward momentum. Similarly, the median apartment price stands at $300,000, with a year-over-year increase of 2.1%. These trends indicate a stable environment for both homeownership and investment.
The population of Atlanta has grown by 7.1%, reflecting the area’s increasing demand for housing and the potential for future real estate development to accommodate this expansion. This demographic shift suggests a robust local economy and could signal consistent demand for residential properties going forward.
Investment Opportunities and Potential
Investors analyzing the Atlanta real estate market will find opportunities in both the single-family home sector and the apartment market. The solid growth in median prices shows potential for capital gains over time. The house price trend surpasses that of apartments, which may appeal to investors looking for higher growth assets.
Moreover, with the population growing faster than the national average, there is a likelihood of increased rental demand. This could lead to favorable rental yields on investment properties. Investors should also consider long-term demographic trends and local economic factors when assessing the viability of real estate investments in Atlanta.
Future Market Outlook
The future market outlook for Atlanta, Nova Scotia, remains optimistic given the current trends and population growth data. The positive price trends suggest that property values are likely to continue rising moderately in the near term. Furthermore, as the population grows, demand for housing is expected to remain strong, potentially leading to new development projects and opportunities for investors.
Assuming no major economic disruptions occur locally or globally, investors can reasonably expect continued appreciation in property values along with a growing rental market. Prudent investors will keep an eye on economic indicators such as employment rates, infrastructure developments, and interest rates as they can significantly impact real estate markets.