Bristol, 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 Bristol, Nova Scotia is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of moderate but consistent appreciation. Similarly, the apartment sector shows resilience with a median price of $300,000 and a trend of 2.1% annual growth. This incremental growth pattern suggests a stable market without the volatility seen in some other regions.
Investment Opportunities and Potential
Investment opportunities in Bristol are promising due to the combination of steady price appreciation and demographic trends. The population of Bristol has grown by 7.1%, indicating an increasing demand for housing. Investors can consider both residential properties, which benefit from higher year-over-year increases, and apartments as a means to cater to different segments of the market, including first-time homebuyers or those looking for more affordable housing options.
Future Market Outlook
Looking ahead, the future market outlook for Bristol’s real estate remains optimistic. The consistent upward trend in property values coupled with substantial population growth suggests that demand for housing will continue to rise. Assuming no major economic disruptions occur, we can anticipate that the current trajectory of gradual appreciation will persist in both the housing and apartment sectors, making Bristol an attractive location for long-term investment.
