Clementsvale, 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 Clementsvale, Nova Scotia, is currently experiencing steady growth. The median house price in the region stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes and a robust housing market. Similarly, the median apartment price is $300,000, demonstrating a more modest year-over-year growth of 2.1%. These figures indicate that the market is growing at a sustainable pace, with both houses and apartments appreciating in value.
The local population has seen a notable increase of 7.1%, with the current population at approximately 15,000 residents. This demographic growth is likely contributing to the upward pressure on real estate prices by increasing demand for housing in the area.
Investment Opportunities and Potential
Clementsvale presents promising investment opportunities for both residential real estate investors and developers. Given the consistent upward trend in property values, investors could benefit from capital appreciation over time. The steady rise in prices for both houses and apartments signifies an enduring appeal of Clementsvale’s real estate market.
For investors looking at rental properties, the population growth can be seen as a positive indicator of potential rental demand. As more people move into the area, there’s an increased need for rental housing, which could result in favorable rental yields.
The ongoing development and infrastructural improvements within Clementsvale also suggest potential for new construction projects and developments. Investors with a long-term strategy might find value in acquiring land for future development to meet the housing demand driven by population growth.
Future Market Outlook
The future outlook for Clementsvale’s real estate market appears optimistic. The sustained increase in property values coupled with significant population growth positions Clementsvale as an attractive location for both living and investing. Assuming current trends continue, we can anticipate ongoing demand for housing which should maintain upward pressure on property prices.
Focusing on economic indicators such as employment rates, infrastructure development plans, and regional economic policies will be essential to predict future performance accurately. However, based on current data, Clementsvale’s real estate market seems poised for continued growth and offers a promising landscape for both prospective homeowners and investors alike.