Dingwall, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dingwall, Nova Scotia, is currently experiencing a period of moderate growth. The median house price stands at $495,000, with a year-over-year increase of 4%. This indicates a steady market where property values are gradually appreciating. The apartment sector shows more modest growth, with the median price at $295,000 and an annual increase of 2.5%. The population of Dingwall has grown to 15,500, marking a growth rate of 3.3%, which is likely contributing to the increased demand for housing in the area.
Investment Opportunities and Potential
The ongoing appreciation of property values in Dingwall suggests that the real estate market possesses sound investment potential. For investors looking to capitalize on this growth, purchasing residential properties could be advantageous, especially considering the consistent rise in median house prices. Apartments present a more affordable entry point for investors and may offer attractive rental yield prospects due to the increasing population and corresponding demand for housing.
Future Market Outlook
The future market outlook for Dingwall’s real estate seems positive. Given the steady population growth rate and sustained property value increases, it’s reasonable to expect that these trends will continue into the near future. Investors and homebuyers can view Dingwall as a location with enduring appeal, potentially offering long-term stability and profitability in their real estate ventures.
