Beaconsfield, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
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 | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
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
The real estate market in Beaconsfield, Nova Scotia is currently experiencing steady growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.2%. This indicates a consistent upwards trend in housing prices, reflecting healthy demand and a robust local economy. Similarly, the apartment sector is also showing positive momentum, with the median apartment price reaching $295,000 and an annual growth rate of 2%. These statistics suggest that the real estate market in Beaconsfield is stable and growing moderately.
Investment Opportunities and Potential
With a population of 15,500 and a growth rate of 3.3%, Beaconsfield represents a promising area for real estate investment. The steady increase in population implies a rising demand for housing. Investors may find opportunities in both residential properties and rental apartments due to the ongoing influx of people into the region. The current trends indicate that investing in Beaconsfield could yield potential benefits from both capital appreciation and rental income. However, investors should also consider the relatively small size of the market which may pose limitations on liquidity.
Future Market Outlook
The future outlook for Beaconsfield’s real estate market appears optimistic. The combination of population growth and moderate price increases suggest that the demand for housing will continue to be strong. If these trends persist, we can anticipate continued growth in property values over the foreseeable future. Nevertheless, investors should monitor external economic factors that could influence interest rates and affordability which would impact the real estate market dynamics. Careful consideration should be given to long-term economic forecasts and policy developments at both provincial and federal levels.
