Eatonville, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Eatonville, Nova Scotia is currently experiencing a period of steady growth. With a median house price of $485,000, there has been a year-over-year increase of 3.2%. This indicates a healthy demand for housing in the area, likely driven by the town’s growing population, which has seen an uptick of 4.8% recently. Similarly, the median apartment price has reached $295,000, with a growth trend of 2.5% year-over-year, suggesting that smaller dwellings are also in demand and witnessing modest appreciation.
Investment Opportunities and Potential
In light of the current market trends, Eatonville presents several attractive investment opportunities. The steady growth in house prices implies that purchasing residential property could yield capital gains over time. Additionally, the ongoing population growth signals a potential for rental investments to meet the increasing housing needs. Given that both the house and apartment markets are showing positive growth trends, investors have options to consider between single-family homes and multi-unit residential buildings.
Future Market Outlook
The future market outlook for Eatonville appears promising. The consistent population growth coupled with rising property values suggests a continuing demand for housing in the foreseeable future. If these trends hold, investors can reasonably expect ongoing appreciation in property values. However, as with any investment, it is crucial to remain informed about local and national economic conditions that could impact the real estate market’s trajectory.
