Coxheath, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
Median price | $499,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.3% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $499,000 |
4 bedrooms | $620,000 |
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 in Coxheath, Nova Scotia
The real estate market in Coxheath, Nova Scotia, currently holds a median house price of $499,000. This figure represents a 3.3% year-over-year increase, indicating a steady upward trend in the housing sector. Additionally, the median apartment price stands at $295,000, with a more moderate growth rate of 2% year-over-year. These trends suggest a healthy demand for properties in Coxheath.
The area’s population has experienced significant growth at a rate of 3.3%, which is likely contributing to the increasing property values as demand continues to rise. The consistent population growth coupled with the positive price trends suggests that the market is robust and could potentially support further investment.
Investment Opportunities and Potential in Coxheath
With both housing and apartment prices exhibiting stable growth, investment opportunities in Coxheath appear promising. The steady increase in property values presents potential for capital gains over time for those considering long-term investment. Moreover, the population increase speaks to an expanding market that may result in greater rental demand. This bodes well for investors looking to enter the rental market or expand their rental property portfolios.
In terms of development potential, given the population growth and housing demand, there may also be opportunities for new construction projects to meet the needs of incoming residents. Investors should consider both residential developments and mixed-use projects that cater to the growing community.
Future Market Outlook for Coxheath Real Estate
The outlook for Coxheath’s real estate market remains optimistic based on current data. If population growth maintains its current trajectory, it is reasonable to expect continued demand for housing. This factor alone can drive further price appreciation and sustain investor interest in both residential and commercial real estate.
However, investors should monitor external economic factors such as interest rates, employment rates in Nova Scotia, and regional economic development initiatives that may impact the overall health of the real estate market. Provided these remain favorable, Coxheath’s real estate market could continue on its upward path.
In summary, careful analysis of local and broader economic indicators will be key when assessing future opportunities, but current trends indicate that Coxheath’s real estate market has solid foundations for continued growth.