Auburndale, 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 Auburndale, Nova Scotia, is currently experiencing steady growth. With the median house price at $500,000 and an upward trend of 3.5% year-over-year, the market is showing consistent appreciation. This trend is mirrored in the apartment sector as well, though at a slightly lower growth rate, with the median apartment price standing at $300,000 and increasing by 2.1% year-over-year. Such data points towards a healthy and expanding market. Additionally, Auburndale’s population has grown by 7.1%, indicating a rising demand for housing and suggesting the potential for continued price increases as supply struggles to meet demand.
Investment Opportunities and Potential
The positive trends in Auburndale’s real estate market offer appealing opportunities for investors. The town’s robust population growth implies an increasing need for both rental and owner-occupied properties. Investment in single-family homes could be particularly lucrative due to their higher appreciation rate. Apartments also present a valuable investment opportunity due to their more accessible price point and the growing trend towards urban living spaces among smaller households or individuals seeking affordability.
Future Market Outlook
Looking ahead, Auburndale’s real estate market seems poised for sustained growth. The combination of a healthy population increase and consistent housing price appreciation suggests that demand will continue to rise. If local economic conditions remain stable or improve, the market should maintain its upward trajectory. However, potential investors should monitor interest rate changes and economic policies that may impact borrowing costs and investment returns. Overall, Auburndale represents a promising market with room for growth and a positive outlook for both short-term gains and long-term investment stability.
