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 (2024) | 15,000 |
| Previous Population (2019) | 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 experiencing a stable growth pattern. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market shows healthy demand and a competitive environment for single-family homes. Similarly, the median apartment price stands at $300,000, with a year-over-year price increase of 2.1%. This suggests a more modest but consistent upward trend for multi-family units.
The population of Descousse has seen significant growth at a rate of 7.1%, which is likely contributing to the increasing demand for housing in the area. As the community expands, so does the need for both rental and owner-occupied housing. This demographic shift is expected to continue influencing market dynamics positively.
Investment Opportunities and Potential
Investors considering Descousse for real estate opportunities may find potential in various sectors of the market. The consistent rise in property values indicates that purchasing residential properties could lead to capital gains over time. With single-family homes appreciating slightly faster than apartments, these may offer a higher return on investment in the long term.
Moreover, given the population growth, there is potential for investors to tap into rental housing markets to cater to new residents who may not be ready or able to purchase homes immediately upon relocating. This could be particularly appealing as rental demand is likely to increase alongside population growth.
Additionally, with a growing population and increasing property values comes the opportunity for development projects. New construction or renovation of existing properties could meet current market demands while also enriching local real estate stock.
Future Market Outlook
The outlook for Descousse’s real estate market remains optimistic based on current trends and data. Population growth stands as a key driver for sustained demand in housing — both in sales and rentals — which bodes well for future property value appreciation and investment stability.
Assuming economic conditions remain favorable and the area continues to attract new residents, one can expect ongoing upward pressure on real estate prices although at a potentially more moderated pace as affordability becomes an increasing concern.
In conclusion, stakeholders should closely monitor macroeconomic indicators and local developments that could impact market dynamics such as changes in interest rates, employment rates within Nova Scotia, and specific regional policies that affect property ownership and land use. Keeping abreast of these factors will be crucial in making well-informed decisions in Descousse’s burgeoning real estate landscape.
