Bridgetown, 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
1. Current Market Conditions and Trends
The real estate market in Bridgetown, Nova Scotia, has demonstrated a steady growth in recent years. The current median house price stands at $500,000, which marks a year-over-year increase of 3.5%. This consistent uptrend is indicative of a robust market with sustained demand. Similarly, the apartment sector has seen prices rise to a median of $300,000, with a slightly lower annual growth rate of 2.1%. Bridgetown’s population has significantly grown by 7.1%, pushing the population to approximately 15,000 residents. This influx is likely contributing to the demand for housing and the consequent rise in property values.
2. Investment Opportunities and Potential
Given the ongoing increases in property values and population growth, Bridgetown presents several attractive investment opportunities. The strength of the single-family home market suggests that purchasing residential properties could yield considerable returns as the demand continues to surge. For those looking for lower entry points, investing in the apartment sector may be advantageous due to its more modest yet stable growth rate. Additionally, with population numbers on the rise, rental properties are poised to benefit from higher occupancy rates and potential rental yield improvements.
3. Future Market Outlook
The future real estate market outlook for Bridgetown appears promising. The steady increase in property values coupled with robust population growth suggests that the demand for housing will persist. Assuming no significant economic disruptions occur, this trend is expected to continue, making Bridgetown an appealing location for both short-term and long-term real estate investment strategies. Investors and homebuyers should stay informed on local development plans and infrastructure improvements as these factors could further influence market dynamics positively.