Blandford, 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 Blandford, Nova Scotia, is currently experiencing stable growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy upward trend in the housing market that reflects both the desirability of the location and the overall economic conditions of the area.
Apartments are also seeing a positive trend with the median price at $300,000 and a year-over-year increase of 2.1%. The slower growth rate compared to houses suggests that there might be slightly less demand for apartments or an ample supply keeping prices from escalating too rapidly.
Blandford’s population has grown by 7.1%, which is robust and can be linked to the increasing real estate prices as more individuals and families move into the area, likely due to employment opportunities, lifestyle factors, or other socio-economic drivers.
Investment Opportunities and Potential
Given Blandford’s current market conditions and population growth trends, there are several attractive investment opportunities. The continuous increase in property values suggests that purchasing residential real estate could yield solid returns over time. Single-family homes have shown stronger price appreciation and might offer more significant investment potential for those looking at long-term capital gains.
For investors more interested in cash flow or catering to a rental audience, apartments could be an appealing option. Although they have a lower annual appreciation rate compared to houses, they may provide a more accessible entry point into the market and could be particularly attractive given the population growth as new residents may seek rental options before purchasing homes.
Future Market Outlook
The future outlook for Blandford’s real estate market appears optimistic. If current trends persist, we can expect continued gradual growth in property values. The consistent population increase will likely maintain demand for housing, supporting both resale values and rental market strength.
It’s important to recognize that external factors such as changes in interest rates, economic shifts at the provincial or national level, or unforeseen global events can impact local markets. However, given the data currently available and barring any major disruptions, Blandford’s real estate market should remain an attractive option for both homeowners and investors looking forward to steady market conditions.
