Edwardsville, 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 Edwardsville, Nova Scotia, is currently experiencing steady growth, as indicated by the consistent increase in property values. The median house price stands at $500,000, reflecting a year-over-year growth of 3.5%. This suggests a stable market that is attracting homeownership interest. Moreover, the median apartment price has reached $300,000 with a slightly slower growth rate of 2.1% over the past year. This indicates a solid demand for more affordable housing options within the region.
The population of Edwardsville has been growing at a significant rate of 7.1%, which may be contributing to the increased demand for housing and the consequent rise in property prices. A growing population often leads to greater housing demand, which provides a positive environment for real estate investments.
Investment Opportunities and Potential
The current market trends in Edwardsville indicate several investment opportunities. The moderate yet consistent rise in house prices suggests that purchasing residential properties could yield capital gains over time. With the population on the rise, rental properties also present an attractive investment opportunity due to potential increases in rental demand.
Investors looking for long-term appreciation may find single-family homes particularly appealing given the higher growth rate in median house prices compared to apartments. However, for those targeting more immediate cash flow or catering to individuals and smaller households, investing in apartments might be more strategic due to their lower entry price point and considerable price appreciation.
Future Market Outlook
The future outlook for Edwardsville’s real estate market remains optimistic based on current trends and demographic indicators. Continued population growth is likely to sustain demand for housing and could push property values even higher over time. Assuming economic conditions remain favorable and the local job market continues to support the influx of residents, Edwardsville’s real estate market should maintain its upward trajectory.
Investors are advised to monitor both economic factors affecting Nova Scotia as well as local developments specific to Edwardsville that could influence property values. Factors such as infrastructure improvements, new business developments, and changes in zoning regulations could further impact investment potential positively or negatively.
In conclusion, while nothing can guarantee future performance in real estate markets, current data suggests that Edwardsville offers promising opportunities for prudent investors with strategies aligned with ongoing market trends and demographic shifts.