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Gabarus, Nova Scotia Real Estate Market Data

Updated: Nov 2024

House

Median price $495,000
Monthly growth 1.1%
Quarterly trend 4.0%
Stock on market 0.7%

Apartment

Median price $305,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $495,000
4 bedrooms $610,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $355,000
3 bedrooms $460,000

Demographics

Current Population (2025) 15,200
Previous Population (2020) 15,000
Population Change 1.3%
Total Private Dwellings 6,100
Occupied Private Dwellings 5,600
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Gabarus, Nova Scotia Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Gabarus, Nova Scotia, currently presents a stable growth environment characterized by a moderate increase in property values. The median house price stands at $495,000, reflecting a year-over-year increase of 4%. This steady upward trend suggests a healthy demand for housing in the area. The apartment sector reveals a similar pattern, with the median apartment price at $305,000 and experiencing a more modest growth rate of 2.5% year-over-year.

The population of Gabarus is 15,200, with a growth rate of 1.33% which indicates an influx of residents that could be contributing to the demand for housing. These numbers show that while the market is expanding slowly, it remains on an upward trajectory with continued interest from buyers.

Investment Opportunities and Potential

Investors considering the Gabarus real estate market can find potential in various segments. The steady increase in median house prices suggests that purchasing residential properties could yield capital gains over time. Rental properties also offer potential given the population growth; investors can capitalize on long-term rental income as more individuals move into the region.

The slower growth rate in apartment prices compared to houses indicates that apartments might be an accessible entry point for new investors or those with less capital. Additionally, given the ongoing positive trends, developing vacant land or renovating existing properties could meet the growing housing demand and provide attractive returns for developers and flippers.

Future Market Outlook

The future outlook for the Gabarus real estate market remains optimistic. Given the consistent population growth and increasing property values, it’s reasonable to expect that these trends will continue in the near-to-medium term, barring any significant economic disruptions. Continued investment in infrastructure and local amenities by municipal authorities can further strengthen this outlook by making Gabarus more attractive to potential residents and businesses.

The ongoing national and global economic conditions will also impact the local real estate market. Interest rates, employment rates, and regional economic policies should be monitored as these factors can influence buyer affordability and investor activity within Gabarus.

In conclusion, while no market is without risk, current patterns suggest that Gabarus offers promising opportunities for both homeowners looking to build equity and investors seeking dependable returns.