Charlesville, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest available data, the real estate market in Charlesville, Nova Scotia is showing consistent growth. The median house price currently stands at $510,000, which marks a steady year-over-year increase of 3.8%. This indicates a healthy demand for single-family homes and a competitive market that favors sellers. Similarly, the median apartment price is $295,000, reflecting a slightly lower but still positive year-over-year growth rate of 2.5%. The current market trends are being supported by a robust population growth of 4.8%, suggesting an influx of new residents and potential homebuyers into Charlesville.
Investment Opportunities and Potential
The investment landscape in Charlesville is promising due to the steady appreciation of property values. Residential real estate appears as an attractive option for investors seeking long-term capital gains. Single-family homes, with their higher year-over-year price increase, present significant potential for return on investment. On the other hand, the apartment sector offers a more accessible entry point for investors and may be particularly appealing for those looking to engage in the rental market. Given Charlesville’s growing population, demand for rental properties is likely to remain strong, providing investors with opportunities for stable rental income.
Future Market Outlook
The future outlook for Charlesville’s real estate market remains optimistic. The sustained population growth points towards continued demand for housing in both the purchase and rental sectors. Assuming economic conditions remain favorable and interest rates stable, we can anticipate further moderate increases in property values. However, potential investors and homebuyers should monitor local economic developments and national housing policies that could impact borrowing costs and affordability. Overall, Charlesville’s real estate market is positioned to offer opportunities for both owner-occupants looking to build equity over time and investors seeking assets with appreciation potential.
