Coldbrook, 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 Coldbrook, Nova Scotia, is currently experiencing steady growth. The median house price stands at $500,000, reflecting a healthy year-over-year increase of 3.5%. This growth rate indicates a stable market that is attracting interest from both homeowners and investors alike. Similarly, the median apartment price is currently at $300,000, following a 2.1% upward trend over the past year.
With a population of 15,000 that has grown by 7.1%, Coldbrook is witnessing an expansion that could sustain demand for housing in the area. The significant population increase suggests an influx of new residents seeking accommodation, thus potentially putting upward pressure on property prices due to heightened demand.
Investment Opportunities and Potential
The steady growth in both house and apartment prices coupled with the robust population increase presents attractive investment opportunities in Coldbrook. Investors can anticipate continued appreciation in property values given the current trends. Moreover, the ongoing population growth is likely to drive demand for rental properties, which could yield favorable returns for those looking to invest in income-generating real estate.
Given the relatively moderate price increases for houses and apartments compared to some overheated markets, Coldbrook offers potential for investors seeking long-term capital gains without the risk associated with more volatile markets. The current data suggests that investing in Coldbrook could be appealing for both those looking to enter the market and seasoned investors seeking stable growth opportunities.
Future Market Outlook
Looking ahead, the future market outlook for Coldbrook appears promising. The consistent year-over-year property price increases signal a growing confidence in the local real estate market’s stability and sustainability. If the population continues to rise at its current pace or higher due to economic or lifestyle factors attracting new residents, demand for housing will likely remain strong.
Investors and homebuyers should monitor local economic developments, infrastructure projects, and other factors influencing desirability and affordability within the region. While present trends provide a solid foundation for optimism regarding future market conditions, it remains important to stay informed about any changes that could affect market dynamics.
