Aylesford, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 in Aylesford, Nova Scotia
In Aylesford, Nova Scotia, the real estate market is currently experiencing a steady increase in property values. With the median house price at $500,000 and a year-over-year growth rate of 3.5%, the market shows signs of healthy demand for single-family homes. Similarly, apartments are appreciating, albeit at a slightly slower pace, with a median price of $300,000 and an annual growth rate of 2.1%. This growth is likely influenced by the area’s population increase of 7.1%, which suggests that Aylesford is becoming an increasingly attractive location for both homeowners and investors.
Investment Opportunities and Potential in Aylesford
The consistent rise in property values indicates robust investment opportunities in Aylesford. Investors looking to enter the market could benefit from the continuous appreciation trend, especially in the single-family home segment where growth is stronger. The increasing population, currently at 15,000, hints at an expanding customer base for rental properties and potential for long-term capital gains. Moreover, the relatively affordable median apartment price presents an accessible entry point for new investors aiming to cater to individuals or small families seeking rental accommodations.
Future Market Outlook for Aylesford Real Estate
The future outlook for Aylesford’s real estate market remains positive. With the current trajectory of population growth and property value appreciation, it is reasonable to expect that demand will continue to drive up prices modestly. However, investors and homebuyers should remain aware of broader economic factors that could influence interest rates and affordability, which in turn may affect market dynamics. Nevertheless, given Aylesford’s current trends and its draw as a growing community, the local real estate market holds promise for sustained growth in the foreseeable future.
