Clementsport, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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
The real estate market in Clementsport, Nova Scotia is currently experiencing moderate growth. The median house price stands at $485,000, which represents a year-over-year increase of 4%. This consistent uptick in housing prices is indicative of a healthy demand for residential property in the area. Similarly, the median apartment price has seen a rise to $295,000, with an annual growth rate of 2.5%. The population of Clementsport has reached approximately 15,500 residents, growing at a robust rate of 3.3% per year, suggesting an expanding community that could further drive demand for housing.
Investment Opportunities and Potential
Investors considering the Clementsport real estate market may find potential in both the housing and apartment sectors. With steady price growth in these markets, properties purchased now could appreciate in value over time. Additionally, the population growth rate surpasses the national average, hinting at an increasing need for rental properties as new residents seek accommodation. This demographic trend presents a favorable environment for rental property investments with the likelihood of strong occupancy rates and stable rental income streams.
Future Market Outlook
The future outlook for Clementsport’s real estate market appears optimistic. Given the solid population growth and current trends in property value increases, it is reasonable to expect that demand for housing will continue to rise. If the local economy remains stable and supportive infrastructural developments are enacted, there is potential for continued appreciation in property values. Investors should monitor factors such as employment rates, interest rates, and regional economic policies, as these will play significant roles in shaping the market’s trajectory.
