Dean, 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 Dean, Nova Scotia is currently exhibiting steady growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is showing healthy appreciation. Similarly, the median apartment price is set at $300,000, which has risen by 2.1% over the past year. This growth can be partially attributed to the population increase of 7.1%, suggesting an uptick in demand for housing in the area.
Investment Opportunities and Potential
The consistent rise in property values coupled with significant population growth indicates strong investment potential in Dean’s real estate market. Single-family homes are particularly promising due to their higher appreciation rate. Investors might consider purchasing rental properties to cater to the growing population or buying and holding properties for long-term capital gains.
Apartments are also a viable investment option due to their lower entry price point and sustained appreciation. The steady demand for more affordable housing solutions could make apartment investments particularly attractive for both rental income and resale purposes.
Future Market Outlook
Given the current trends and demographic shifts, the future outlook for Dean’s real estate market remains optimistic. The continued population growth should drive further demand for housing, potentially pushing prices upward if supply does not keep pace. As long as economic conditions remain stable and interest rates do not rise significantly, the market is expected to maintain its upward trajectory.
Investors should monitor local developments such as infrastructure projects, changes in zoning laws, and shifts in employment rates that may impact the market’s dynamics. Staying informed will be crucial for making strategic investment decisions tailored to Dean’s evolving real estate landscape.
