Dingwall, 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
1. Current Market Conditions and Trends
The real estate market in Dingwall, Nova Scotia, demonstrates steady growth as reflected by current trends and market data. As of the latest reports, the median house price stands at approximately $500,000, marking a 3.5% year-over-year increase. This increment is indicative of a robust market with healthy demand for single-family homes.
Similarly, the apartment sector also shows positive movement with a median price of $300,000 and a 2.1% increase over the past year. This growth is slightly more conservative compared to houses but still points towards an upward trajectory in property values within the region.
2. Investment Opportunities and Potential
Investment opportunities in Dingwall appear promising given the current market trends. The steady increase in property values suggests that investments made today have the potential for capital appreciation in the future.
The population of Dingwall has grown by 7.1%, indicating an expanding community that could drive further demand for housing. Investors may find opportunities in both residential homes and apartments as new residents seek accommodation. Entry-level properties and multi-unit dwellings could be particularly attractive for rental markets as they cater to various segments of the growing population.
3. Future Market Outlook
Looking forward, the future market outlook for Dingwall remains optimistic. With an increasing population likely fueling demand for housing, combined with sustained growth in property prices, both investors and homeowners could benefit from long-term gains.
Continued economic development in the area may attract more residents and potentially boost investment in local infrastructure and services, contributing to overall desirability and perhaps accelerating property value appreciation beyond current levels.
