Glenwood, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Glenwood, Nova Scotia, currently presents a stable and growing environment. The median house price in the region is $500,000, with a year-over-year increase of 3.5%. This growth rate reflects a consistent upward trajectory in property values, indicating healthy demand and a strong local economy. Similarly, the apartment sector is experiencing growth with the median apartment price standing at $300,000, marking a 2.1% increase from the previous year.
The population of Glenwood has reached approximately 15,000 residents, with a robust growth rate of 7.1%. This surge in population is likely contributing to the increased demand for housing and can be seen as a driving force behind the steady appreciation in property values.
Investment Opportunities and Potential
Glenwood’s real estate market offers promising investment opportunities, particularly given its solid growth indicators. The steady rise in median house prices suggests that investments in residential properties could yield attractive returns. Moreover, the increasing population further bolsters the potential for rental properties to provide stable income due to heightened demand for housing.
Investors may also find potential in the apartment market where prices are growing at a slightly slower pace than houses but still maintain an upward trend. This segment could appeal to investors looking for more affordable entry points into the real estate market or those seeking to cater to individuals and small families who prefer apartment living.
Future Market Outlook
The future market outlook for Glenwood appears optimistic based on current trends and data. Assuming that economic conditions remain favourable and the population continues to grow at its current pace or higher, demand for both houses and apartments is likely to persist. This can be expected to support ongoing property value appreciation and investment returns.
While unforeseen economic factors can impact any real estate market’s trajectory, Glenwood’s strong fundamentals—such as its significant population growth—suggest that it has the resilience to weather potential downturns better than markets with stagnant or declining populations.
In conclusion, Glenwood’s real estate market presents an appealing landscape for investors and homeowners alike due to its consistent growth rates in property values and robust population increase. Stakeholders would be advised to monitor key economic indicators closely while taking advantage of the current momentum within this dynamic Nova Scotian community.
