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 | 0.6% |
Apartment
| Median price | $290,000 |
| Monthly growth | 1.0% |
| 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 | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Gabarus, Nova Scotia is currently characterized by a steady increase in property values. The median house price stands at $495,000, which reflects a 4% year-over-year growth, signaling a healthy demand for single-family homes. Similarly, apartments are experiencing a positive trend with the median price at $290,000, marking a 2.5% year-over-year increase. This consistent growth pattern indicates a robust market that has maintained upward momentum.
The population of Gabarus has been growing at a rate of 2.7%, which could be contributing to the increased demand for housing in the area. This influx of residents is likely to continue fueling the real estate market, leading to potential scarcity of available properties and further upward pressure on prices.
Investment Opportunities and Potential
Given the current market dynamics, Gabarus presents several attractive investment opportunities. The steady rise in property values suggests that purchasing residential real estate could yield substantial returns over time. Investors might consider targeting single-family homes due to their higher appreciation rate of 4%, as opposed to apartments.
The population growth also opens up possibilities for new development projects to meet the rising housing demand. Furthermore, the increasing property values provide homeowners with greater equity, potentially spurring consumer spending and investment within the local economy.
Investors should also look into rental properties, given that an expanding population may lead to a heightened need for rental accommodations. With careful management, rental properties can offer stable cash flow in addition to long-term capital appreciation.
Future Market Outlook
The future market outlook for Gabarus remains optimistic. The ongoing population growth is expected to maintain or even increase the current demand for housing. If this demographic trend continues alongside economic stability, it is reasonable to anticipate continued growth in property values.
However, investors and homebuyers should remain aware of broader economic factors such as interest rates and employment levels which could affect affordability and influence market conditions. Monitoring these indicators will be key in making informed decisions about entering or exiting the market.
In summary, while there are no guarantees in real estate investment, Gabarus’s current trends suggest that the local market has strong potential for both short-term gains through flips and rentals, as well as long-term appreciation for buy-and-hold investors.
