Hantsport, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 in Hantsport, Nova Scotia
The real estate market in Hantsport, Nova Scotia, presents an intriguing landscape for potential homebuyers and investors. Currently, the median house price in the area stands at $500,000. This reflects a steady year-over-year increase of 3.5%, signaling a growing demand for residential properties. Apartments in Hantsport are also experiencing a positive trend, with the median price at $300,000 and a 2.1% year-over-year growth rate.
Digging deeper into these trends, it is evident that the market is undergoing gradual appreciation. This indicates that while investment returns are not meteoric, they offer stability and reliability for those looking to invest in property over the long term. The consistent growth is likely influenced by both local economic factors and broader national trends affecting real estate across Canada.
Investment Opportunities and Potential in Hantsport
Given the steady climb in property values, Hantsport offers promising opportunities for real estate investment. The incremental increases in housing prices point towards a healthy market that has not yet reached its peak, which could be beneficial for investors aiming to capitalize on future appreciation. Additionally, with a median apartment price of $300,000 and a moderate growth rate of 2.1%, apartments could be an attractive entry point for investors looking for a more affordable option with potential rental income.
The demographic context further supports investment potential; the population of Hantsport has grown by 7.1%, suggesting an expanding market with increasing demand for housing. This population growth can contribute to a robust rental market for those considering purchasing residential properties as investment vehicles.
Future Market Outlook for Hantsport
The future market outlook for Hantsport is optimistic based on current trajectories and demographic indicators. With population figures on the rise, one can anticipate continued demand for housing which should sustain the current upward trend in property values. However, it’s essential to consider external economic factors such as interest rates, employment rates, and regional economic development initiatives that could influence future market conditions.
In conclusion, while no market is without risk, the data suggests that Hantsport’s real estate market is on a gradual but steady upswing. Both homebuyers looking to reside in the area and investors seeking long-term yield will find opportunities in this growing Nova Scotian community.
