Aylesford, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Aylesford, Nova Scotia, the real estate market exhibits steady growth. The median house price currently stands at $485,000, showing an upward trend with a 3.2% year-over-year increase. Similarly, the median apartment price is $290,000, having grown by 2.5% year-over-year. This consistent appreciation in property values indicates a healthy market that attracts both homeowners and investors.
The population of Aylesford has expanded by 3.3%, which may contribute to the increasing demand for housing. This demographic trend suggests a bolstering consumer base for local businesses and services, potentially leading to further development in the region.
Investment Opportunities and Potential
With the existing upward trajectory in property values and a growing population, Aylesford presents promising investment opportunities. The growth rate in housing prices is moderate, suggesting room for potential appreciation without signs of an overheated market. Investors considering entry into the Aylesford real estate market can anticipate stable returns, particularly if they cater to the needs of the expanding local community.
The increase in apartment prices also points towards robust rental demand, possibly driven by those who cannot afford to purchase homes or prefer the flexibility of renting. This could be an appealing segment for investors to explore, particularly in multi-unit residential properties.
Future Market Outlook
The future outlook for Aylesford’s real estate market appears positive. Given the continuing population growth and sustained increase in property values, we can reasonably expect ongoing demand for housing. If current trends persist, Aylesford could see further expansion in both its residential and commercial property sectors.
However, investors should remain attentive to broader economic factors that could impact interest rates and mortgage affordability, as these will influence buyer activity. Moreover, monitoring any developments in local industry or employment trends will be crucial for understanding the long-term vitality of the market.
In conclusion, Aylesford’s real estate market shows stability and growth potential. With careful analysis and strategic investments, stakeholders can look forward to capitalizing on opportunities within this vibrant Nova Scotian community.
