Descousse, 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 Descousse, Nova Scotia is currently exhibiting steady growth. The median house price in the area is $500,000, which reflects a year-over-year increase of 3.5%. This growth rate suggests a healthy demand for single-family homes. Meanwhile, the median apartment price stands at $300,000, with a more modest year-over-year appreciation of 2.1%. These figures indicate a stable market that is growing consistently but not overheating. The population of Descousse has reached approximately 15,000 residents, and the area has experienced significant population growth of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing.
Investment Opportunities and Potential
The current trend in property value increases presents promising investment opportunities for both residential and rental markets in Descousse. The consistent growth in housing prices suggests that purchasing property could yield capital gains over time. Rental properties are also an appealing option; as population growth continues, there will be an ongoing need for rental accommodations, which can lead to profitable returns on investment from rental income. Investors should consider the potential impact of future developments and infrastructure improvements in the region that could further enhance property values.
Future Market Outlook
Looking ahead, the real estate market in Descousse is poised for continued growth, albeit at a sustainable pace. Given the robust population increase and consistent rise in property values, it’s reasonable to anticipate ongoing demand for housing. The key drivers of this positive outlook include attractive natural amenities, a burgeoning local economy, and potential interest from both domestic and international buyers seeking properties in scenic Nova Scotia. Investors and homebuyers alike should monitor local economic indicators and development plans closely, as these factors will influence the trajectory of market trends and investment returns in the coming years.
