Goldenville, 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 Goldenville, Nova Scotia currently presents a stable growth environment with the median house price sitting at $500,000, which has seen an upward trend of 3.5% year-over-year. The median apartment price stands at a more accessible $300,000, with a slightly lower growth rate of 2.1% year-over-year. This suggests that houses are experiencing stronger demand relative to apartments, potentially due to lifestyle preferences or demographic factors such as family size.
With a population of 15,000 that is growing at a rate of 7.1%, Goldenville is experiencing substantial demographic expansion which may lead to increased demand for housing. This population growth can be attributed to factors such as regional economic development, migration trends, or an increase in birth rates.
Investment Opportunities and Potential
Given the steady appreciation in property values and significant population growth, Goldenville offers promising investment opportunities particularly in residential real estate. Investors could capitalize on the rising demand for housing driven by the growing population. Residential properties have historically been a stable investment with the potential for both rental income and capital gains.
Moreover, with house prices appreciating at a faster rate than apartment prices, investing in single-family homes could potentially yield higher returns. However, apartments might appeal to investors seeking a lower entry point into the market or those looking to cater to individuals or smaller families who prefer more compact living spaces.
Future Market Outlook
The future outlook for Goldenville’s real estate market appears optimistic. If current trends persist—steady property value increases coupled with robust population growth—the demand for housing is likely to remain strong. This bodes well for investors and homeowners alike.
Continued investments in local infrastructure and amenities will be critical to sustaining this growth trajectory. Additionally, potential changes in interest rates, economic conditions, and government housing policies should be monitored closely as they may impact overall market dynamics.
In summary, Goldenville represents a real estate market with healthy growth indicators and promising investment potential for the foreseeable future.
