Corberrie, 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 Corberrie, Nova Scotia is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%, indicating a healthy demand for residential properties. The median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% year-over-year. This divergence in growth rates suggests that single-family homes may be in higher demand compared to apartments.
The population of Corberrie has grown to 15,000, reflecting a significant population growth rate of 7.1%. This influx of residents could be contributing to the increased demand for housing and may signify a robust local economy attracting newcomers.
Investment Opportunities and Potential
Growing population figures coupled with the positive housing price trends indicate substantial investment opportunities in Corberrie’s real estate market. Single-family homes represent a promising investment avenue due to their higher appreciation rate. Investors might expect continued appreciation based on current trends, translating into potential long-term capital gains.
For those interested in the apartment sector, the slightly lower increase in prices could represent an opportunity to enter the market at a more accessible price point. While the appreciation is more modest for apartments, rental demand may rise as the population grows, potentially offering consistent rental income streams for investors.
Investors should also consider the potential impact of local economic developments and infrastructure projects that could further enhance property values and rental demand in Corberrie.
Future Market Outlook
The future outlook for Corberrie’s real estate market appears optimistic. The persistent population growth suggests sustained demand for housing will continue, which may lead to further increases in property values if supply does not keep pace with demand.
Assuming no adverse economic changes or significant shifts in housing policy, Corberrie’s real estate market is expected to maintain its upward trajectory. Investors should monitor interest rates, employment statistics, and regional economic indicators to stay informed about potential risks or accelerators that could affect market conditions moving forward.
