Habitant, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $385,000 |
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) | 14,700 |
Population Change | 3.4% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,600 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Habitant, Nova Scotia is currently experiencing steady growth. With a median house price of $495,000 and a year-over-year increase of 3.2%, the market shows signs of moderate appreciation. This trend is mirrored in the apartment sector as well, where the median price stands at $295,000 with a slightly lower growth rate of 2.5% over the past year.
This consistent growth can be partially attributed to Habitant’s population increase, which is reported to be 3.4%. Such demographic expansion suggests a healthy demand for housing that may continue to drive property values upward. The balanced growth between house and apartment prices indicates a diverse buyer interest and a stable local economy.
2. Investment Opportunities and Potential
Investment opportunities in Habitant are promising due to the steady market performance and population growth. Residential properties, particularly in the median price range, are appealing options for investors looking to capitalize on the consistent appreciation trend. Furthermore, the increasing demand for housing could present opportunities for new development projects or renovations of existing properties.
With apartments showing a slightly lower price growth compared to houses, there may be untapped potential in this sector for investors seeking long-term rental income. The affordability of apartments also makes them an attractive entry point for first-time homebuyers or those looking to downsize, ensuring a resilient rental market.
3. Future Market Outlook
The future outlook of Habitant’s real estate market appears optimistic given its current trajectory. Barring unforeseen economic shifts or policy changes, continued population growth is likely to sustain housing demand. This bodes well for both property owners seeking value appreciation and investors who prioritize stable income streams from rentals.
As long as economic conditions remain favorable and infrastructure within Habitant keeps pace with its growing populace, the real estate market should maintain its positive momentum. Wise investment decisions made today could potentially yield significant returns as Habitant’s real estate landscape continues to evolve.