Glenholme, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
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 | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Glenholme, Nova Scotia, the real estate market is exhibiting steady growth. The median house price in the region stands at $485,000, reflecting a year-over-year increase of 3.2%. This incremental rise indicates a stable market that is growing at a sustainable pace. Similarly, the median apartment price has reached $295,000, with a slightly lower year-over-year growth rate of 2.5%. The housing market’s consistent growth is likely supported by Glenholme’s population, which totals 15,200 residents and has experienced a significant population growth rate of 4.8%. This demographic expansion suggests increased demand for housing, which may be contributing to the uptrend in property values.
Investment Opportunities and Potential
The investment landscape in Glenholme presents promising opportunities, particularly for those looking to capitalize on the area’s continuous population growth and stable property value increases. Given the current trends, investors can anticipate moderate capital appreciation over time. Single-family homes are especially attractive as they resonate with the median house price trend of 3.2%, which could offer reliable returns on investment through both rental income and long-term asset appreciation. Additionally, apartments represent a compelling entry point for investors due to their lower median price and steady appreciation rate. Strategic investments in these properties could cater to smaller households or individuals drawn to the region by employment opportunities or its burgeoning community appeal.
Future Market Outlook
The future outlook for Glenholme’s real estate market remains positive. The solid foundation of consistent property value growth coupled with robust population increases suggests ongoing demand for housing. Assuming current economic conditions persist and no major market disruptors emerge, both residential property segments – houses and apartments – are poised to maintain their growth trajectory. Investors and homebuyers can remain cautiously optimistic about entering the Glenholme market as it exhibits potential for sustained appreciation and stability over the coming years.
