Corberrie, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
Median price | $490,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $490,000 |
4 bedrooms | $580,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $330,000 |
3 bedrooms | $420,000 |
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 Corberrie, Nova Scotia has been showing steady growth over the past year. The median house price currently stands at $490,000, reflecting a 3.2% increase year-over-year. This consistent rise indicates a healthy demand for housing in the area. Similarly, the median apartment price has seen a growth of 2% year-over-year, reaching $295,000. Given that the population has grown by 3.3% to 15,500 residents, the upward trend in both housing and apartment prices is likely influenced by an influx of new residents seeking accommodation, thus driving up demand.
Investment Opportunities and Potential
The positive trends in Corberrie’s real estate market suggest several promising opportunities for investors. The steady increase in property values implies a stable investment climate with potential for continued growth. The fact that both housing segments – houses and apartments – are appreciating in value provides multiple investment avenues depending on investor preference and capital availability.
For those looking to invest in rental properties, the growing population is indicative of a potentially expanding rental market. This could be particularly appealing to investors aiming to cater to new residents or those unable to purchase their own homes immediately upon relocating to Corberrie.
Future Market Outlook
The future market outlook for Corberrie is optimistic given current trends. With a healthy population growth rate at 3.3%, demand for housing is expected to remain strong, which should continue to support property value appreciation. If current economic conditions persist – including factors such as employment rates, interest rates, and regional economic development – it’s reasonable to project that the real estate market in Corberrie will maintain its upward trajectory.
However, investors should stay informed about local and national economic policies that could impact interest rates and affordability, as these could alter market dynamics significantly. Keeping a watchful eye on immigration patterns and infrastructure developments will also be key to making informed investment decisions going forward.