Clementsport, 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 Clementsport, Nova Scotia, is currently characterized by steady growth. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. The apartment sector is also showing positive movement with a median price of $300,000 and a growth trend of 2.1% over the same period. This indicates a consistent upward trend in property values across the board.
The local population has seen notable growth, with an increase of 7.1%, bringing the total to approximately 15,000 residents. This demographic shift suggests heightened demand for housing and could be a driving force behind the steady price increases.
Investment Opportunities and Potential
Clementsport offers attractive investment opportunities, particularly in residential properties. The ongoing rise in median house and apartment prices points to a robust market where real estate investments have the potential for solid capital appreciation. Given the population growth, there is also an implied demand for rental properties, which could provide investors with consistent rental income alongside long-term value increases.
The region’s growing population may signal untapped opportunities in new housing developments or renovations of existing properties to appeal to incoming residents or those seeking to upgrade their current living situations.
Future Market Outlook
The future outlook for Clementsport’s real estate market remains optimistic. Population growth typically fuels demand for housing, and when coupled with the current trends of appreciating property values, it suggests a continuing positive trajectory for both house and apartment markets.
If these trends persist, investors could see ongoing appreciation in their real estate assets’ value over time. However, it’s important to monitor economic factors such as employment rates, infrastructure developments, and interest rates as they can significantly impact market dynamics.
In conclusion, Clementsport presents as a promising market for both homebuyers and investors alike. With careful consideration of broader economic indicators and continued monitoring of local trends, stakeholders can make informed decisions within this active Nova Scotian real estate market.
