Donkin, 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 Donkin, Nova Scotia is currently experiencing stable growth, as evidenced by the year-over-year increase in property values. The median house price stands at $500,000, reflecting a healthy 3.5% increase from the previous year. Similarly, the apartment sector shows continued demand with a current median price of $300,000, which has risen by 2.1% over the same period.
The region’s population growth of 7.1% is significantly influencing these trends, suggesting an influx of residents in search of housing. This demographic shift has been contributing to consistent demand in both the private housing and apartment markets, supporting the steady appreciation of property values in Donkin.
Investment Opportunities and Potential
For investors considering the Donkin real estate market, there are ample opportunities for both short-term gains and long-term value appreciation. The ongoing rise in property values indicates a robust market where investment can lead to capital growth. Residential properties, particularly houses which have shown a slightly higher appreciation rate than apartments, present an attractive option for investors looking to tap into the local housing demand driven by population growth.
Apartments also offer a solid investment case due to their more moderate price point and consistent year-over-year appreciation. As the population continues to grow, rental demand is expected to rise accordingly, potentially providing steady rental income streams for investors.
Future Market Outlook
The future outlook for the Donkin real estate market remains positive with expectations of sustained growth. Population expansion at a 7.1% rate is likely to continue driving housing demand in both sectors – houses and apartments. Furthermore, as new residents settle in Donkin, ancillary services and infrastructure developments may follow, further bolstering property values.
The current trends suggest that early investment in this growing market could be advantageous as prices are expected to maintain an upward trajectory. Prospective investors should monitor local economic indicators and development plans closely as these factors will play critical roles in shaping the future landscape of Donkin’s real estate market.
