Belnan, 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
In Belnan, Nova Scotia, the real estate market is currently experiencing a period of steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the region, signaling that the market is robust and homes are appreciating at a sustainable rate. Similarly, the median apartment price stands at $300,000, which has also grown at a slightly lower yet consistent rate of 2.1% year-over-year. The balanced growth in both segments of the housing market suggests a diverse buyer interest in Belnan’s real estate offerings.
Investment Opportunities and Potential
The steady increase in property values coupled with significant population growth presents numerous investment opportunities in Belnan. The population has grown by an impressive 7.1%, suggesting an influx of residents which may drive further demand for housing. Investors looking to tap into this potential may consider both residential and multi-unit properties to cater to different segments such as families looking for homes or individuals searching for apartments.
Given the consistent appreciation in property values, long-term real estate investments could offer substantial returns. Furthermore, the area’s ongoing development projects and economic initiatives may support rental market strength, offering attractive yields for buy-to-rent investors.
Future Market Outlook
The future market outlook for Belnan appears positive. The current trends of property value appreciation and demographic growth are expected to continue, barring any unforeseen economic shifts or changes in local conditions. Strong population growth is likely to sustain demand for housing, potentially leading to a continued rise in property prices and investment opportunities.
Prospective investors should monitor infrastructure developments and employment trends within the region as these factors could further enhance property values and rental demand. Maintaining vigilance with regard to interest rates and lending policies will also be crucial, as changes in these areas can impact buyer affordability and influence market dynamics.
