Bucklaw, 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 Bucklaw, Nova Scotia, exhibits stable growth as evidenced by the consistent increase in property values. The median house price in the region stands at $500,000, marking a year-over-year increase of 3.5%. This trend suggests a healthy demand for housing, likely driven by the area’s amenities and lifestyle appeal. The median apartment price is currently $300,000, with a smaller yet positive trend of 2.1% year-over-year growth.
The population of Bucklaw has grown to 15,000, with an impressive growth rate of 7.1%. This demographic expansion is a contributing factor to the steady real estate demand, as more individuals and families are drawn to the area. With both housing and apartment prices showing continual growth, the market is indicative of sustained interest and confidence among buyers and investors alike.
Investment Opportunities and Potential
The current dynamics within Bucklaw’s real estate market present numerous opportunities for investment. The consistent increase in property values provides a favorable environment for capital appreciation over time. Investors considering long-term holdings can expect potential gains given the historical price trends observed.
Apartments, with a median price point of $300,000 and growing at 2.1% annually, offer an accessible entry into the market for those looking to invest in rental properties. As population growth continues, so does the demand for rental units, which could lead to higher occupancy rates and potentially increased rental yields.
Furthermore, the strength of the local economy and infrastructure developments may also enhance property value over time. Investors should keep an eye on local economic drivers and upcoming projects that could further bolster market conditions.
Future Market Outlook
The future outlook for Bucklaw’s real estate market remains optimistic. Population growth is one of the primary indicators suggesting continued demand for housing in the foreseeable future. Such demographic trends often precede increases in housing demand, which can translate into sustained or even elevated property value growth.
The ongoing year-over-year price increases for both houses and apartments indicate that the market retains its momentum. If these trends persist alongside population expansion, Bucklaw could see further tightening in its real estate market with increased competition among buyers.
In conclusion, while current indicators point towards a positive trajectory for Bucklaw’s real estate market, investors should remain vigilant and informed about local developments that could impact future conditions. Staying abreast of economic factors and maintaining a keen eye on demographic shifts will be crucial to understanding and capitalizing on this burgeoning Nova Scotian market.
