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 (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
Current Market Conditions and Trends
The real estate market in Edwardsville, Nova Scotia is currently experiencing a steady growth. With a median house price at $500,000, we’ve seen an appreciable year-over-year increase of 3.5%. This suggests that the housing market remains robust, attracting both homeowner-occupants and investors alike. The apartment sector is similarly seeing positive momentum with a median price point of $300,000 and a growth trend of 2.1% over the last year. This could be indicative of a growing demand for more affordable and versatile housing options.
The population of Edwardsville stands at 15,000, which has grown by 7.1%. This significant population growth could be contributing to the increased housing demand, driving up property values as newcomers look for places to reside within the community.
Investment Opportunities and Potential
The ongoing population increase combined with positive pricing trends suggests substantial investment opportunities in Edwardsville’s real estate market. Investors may find potential in buying single-family homes due to the higher price appreciation rate. The consistent rise in property values indicates a strong potential for capital gains over time.
Apartments also present an appealing investment case due to their more modest pricing and stable year-over-year growth. Rental demand is likely to stay strong or even increase as the population grows, potentially providing investors with steady rental income streams alongside long-term asset appreciation.
Future Market Outlook
The future outlook for Edwardsville’s real estate market appears optimistic. Assuming the current trends continue, with population growth acting as a key driver, demand for housing is expected to remain high. This could result in continued upward pressure on both house and apartment prices.
In addition to residential real estate, commercial properties may also offer lucrative opportunities as new residents will likely bring increased consumer spending power to Edwardsville. This economic stimulation could spur further development and investment into local businesses and infrastructure.
While these projections are promising, it’s essential for potential investors and stakeholders to keep an eye on external factors such as economic policies, interest rates, and regional developments that might impact the market dynamics in Edwardsville.
