Hantsport, 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 | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $495,000 |
4 bedrooms | $595,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $450,000 |
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) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Hantsport, Nova Scotia currently presents a stable growth environment. With a median house price of $495,000, the market has experienced a year-over-year increase of 3.2%. This growth trend demonstrates a healthy demand for residential properties in the area. The apartment sector is also showing positive movement, with the median apartment price at $295,000 and an annual appreciation rate of 2%. These trends are reflective of solid market conditions that favor homeownership and investment.
The local population has witnessed a significant boost, growing at a rate of 4.83%, which now stands at approximately 15,200 residents. This demographic expansion suggests an increasing demand for housing which could sustain the growth trend in property values over time.
2. Investment Opportunities and Potential
Hantsport’s real estate market offers attractive investment opportunities given its steady growth in property values. Investors can potentially benefit from both capital appreciation and rental income, especially considering the area’s rising population and consequent housing demand.
The current growth in median house prices indicates that single-family homes could be particularly lucrative investments as they are appreciating at a slightly faster pace than apartments. However, the lower median price point for apartments may provide an accessible entry for new investors or those with more limited capital while still offering favorable returns due to the ongoing upward trend in apartment values.
3. Future Market Outlook
The future outlook for Hantsport’s real estate market appears promising. The consistent population growth paired with moderate yet steady increases in property values suggest that the demand for housing will continue to drive the real estate market forward. While external factors such as economic changes and interest rates could impact this trajectory, current indicators point towards a continuation of these positive trends.
Long-term investors might find Hantsport an appealing option due to its potential for sustained growth. As infrastructure develops to support the growing population and attract new residents, there could be further enhancements to property values over time.
In summary, Hantsport offers a dynamic real estate market with room for growth, making it an interesting prospect for both homebuyers and investors alike.