Beaconsfield, 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Beaconsfield, Nova Scotia, is currently experiencing a period of steady growth. With a median house price of $500,000, the market has seen an annual increase of 3.5%. This indicates a healthy demand for residential properties and a stable investment environment. The apartment sector shows a slower pace of growth with a year-over-year increase of 2.1%, placing the median apartment price at $300,000.
The town’s population of 15,000 is growing at a rate of 3.4%, which is above the national average and suggests an influx of new residents seeking housing. This demographic trend can be seen as a driving factor behind the consistent appreciation in property values and serves as an indicator of sustained demand for housing in both purchase and rental markets.
Investment Opportunities and Potential
Given the positive trajectory in property values and the increasing population, Beaconsfield presents several attractive opportunities for investors. The steady rise in house prices suggests that investment in residential property could yield favorable returns over time. Investors may also find potential in developing or purchasing apartment complexes, especially with the slower growth rate presenting potentially more affordable entry points.
Considering the demographic expansion, there is likely to be ongoing demand for both rental and owner-occupied properties. Furthermore, as new residents continue to move into the area, ancillary real estate investments such as retail spaces, office buildings, and industrial properties could benefit from increased consumer spending and economic activity.
Future Market Outlook
The future outlook for Beaconsfield’s real estate market remains optimistic. Continued population growth will likely sustain demand for housing and contribute to the stability of property value appreciation. The moderate but consistent growth trends in house and apartment prices are indicative of a balanced market that is not prone to extreme volatility or bubbles.
Investors considering entering the Beaconsfield market should monitor local economic developments and infrastructure investments that could impact real estate values positively. Moreover, staying informed about zoning laws changes and development plans can provide insights into future growth areas within the town.
In conclusion, Beaconsfield’s real estate market appears poised for continued growth with ample opportunities for investors seeking long-term capital gains or cash flow through rental properties. Careful analysis and strategic investments aligned with demographic trends can capitalize on this region’s positive momentum.
