Barton, 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
The real estate market in Barton, Nova Scotia is currently experiencing stable growth. With a median house price of $500,000, the market has shown a consistent rise with a 3.5% year-over-year increase. Similarly, the median apartment price is set at $300,000, following a slightly more modest upward trend of 2.1% year-over-year.
This steady growth is reflective of Barton’s overall economic stability and appeal to both residents and investors. The local population stands at 15,000 and has witnessed a significant growth of 7.1%, suggesting a burgeoning community that is attracting new residents at a healthy rate.
The demand for housing has risen in tandem with the population growth, leading to competitive market conditions where properties are likely to appreciate over time. However, this increase in demand has not yet led to an overheated market, indicating there is still room for potential buyers to enter the market at reasonable price points.
Investment Opportunities and Potential
For investors considering Barton as a location for real estate investment, current trends indicate positive potential. With a steady increase in property values coupled with population growth, rental properties are particularly appealing. Investment in apartments can be especially lucrative given their lower entry price point of $300,000 and rising rental demand from those who might find houses less affordable or prefer the flexibility of apartment living.
The consistent appreciation in property values suggests that long-term capital gains are possible for those investing in residential properties. Additionally, Barton’s growing population could lead to increased demand for retail and commercial spaces, making diversified real estate investments attractive.
Future Market Outlook
The future outlook for Barton’s real estate market remains optimistic. Given the current trends and population growth rate of 7.1%, it is expected that both the demand for housing and property value appreciation will continue along their current trajectory.
With no immediate signs of market saturation or economic downturns impacting the region’s stability, investors and homebuyers can approach the Barton real estate market with confidence. The key factors such as ongoing population growth, limited supply increases, and sustained economic health are likely to support a continued rise in property values over the medium to long term.
However, as with any investment decision, it is crucial for potential buyers and investors to conduct thorough due diligence and consider local factors such as zoning laws, future infrastructure developments, and economic diversification plans that could impact the real estate market dynamics in Barton.
