Englishtown, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.1% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,000 |
| Population Change | 5.1% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Englishtown, Nova Scotia, is currently experiencing a steady growth. With a median house price of $495,000, the market has shown a year-over-year increase of 4.1%. This indicates a healthy demand for houses in the area, reinforcing the strength of the local real estate market. Similarly, the median apartment price stands at $295,000, with a slightly lower year-over-year growth rate of 2.5%. These trends suggest that while there is an appreciation in property values, the market remains accessible to potential buyers.
The population of Englishtown has grown to 15,200 residents, reflecting a substantial population growth rate of 5.14%. This demographic development is likely contributing to the increased demand for housing and may be a driving factor behind the steady rise in property prices.
Investment Opportunities and Potential
The investment landscape in Englishtown is promising due to its consistent property value appreciation and population growth. Investors looking for long-term capital gains should consider Englishtown’s housing market because of its above-average growth rates compared to other regions. The robust year-over-year price increases indicate that investments made today have the potential for significant appreciation over time.
Apartments present an additional investment opportunity with their lower median price point and consistent appreciation trend. Investors may find this segment particularly attractive for rental income generation given the influx of new residents and the general affordability of apartments in comparison to houses.
Future Market Outlook
The future outlook for Englishtown’s real estate market appears positive based on current trends. If population growth continues at its current pace or accelerates, demand for housing is likely to remain strong or even increase. This would provide further support for property values and could lead to greater price appreciations over time.
However, it’s important for investors and homebuyers to consider broader economic conditions, interest rates, and local developments that could impact the real estate market’s trajectory. As such, while current trends are encouraging, it’s advisable to monitor these factors closely when making future-oriented decisions in Englishtown’s real estate market.
