Beechville, 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 (2025) | 15,000 |
Previous Population (2020) | 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 Beechville, Nova Scotia, is currently experiencing a steady growth in property values. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is demonstrating a healthy expansion. Similarly, the median apartment price stands at $300,000, with a more modest growth trend of 2.1% year-over-year. The consistent growth suggests that Beechville’s real estate is remaining robust amidst various economic conditions.
The population of Beechville is currently around 15,000 residents, with a significant population growth rate of 7.1%. This influx likely contributes to the demand for housing and can be seen as a driving factor behind the increasing property values.
Investment Opportunities and Potential
With its growing population and rising property values, Beechville presents attractive investment opportunities for both residential and rental markets. The continuous appreciation in house prices indicates that purchasing residential properties could yield profitable returns upon resale in the medium to long term.
The rental market also shows potential due to the population growth, which may drive up demand for apartments. Investors could benefit from stable rental income streams as well as capital appreciation over time. Given the current trends, investors should consider entering the market sooner rather than later to maximize potential gains.
Future Market Outlook
The future outlook for Beechville’s real estate market remains positive with ongoing population growth and sustained property value increases. If these trends continue, it is reasonable to anticipate that Beechville will maintain its course as an appealing destination for homeowners and investors alike.
To safeguard against potential market fluctuations, stakeholders should monitor external economic factors such as employment rates and interest rates. However, given the current data and trends, Beechville’s real estate market is poised for continued growth and success in the foreseeable future.