Harbourville, 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 Harbourville, Nova Scotia, is currently experiencing a steady growth in property values. With a median house price sitting at $500,000, we have observed a year-over-year increase of 3.5%. This indicates a healthy, appreciating market for single-family homes. The market for apartments is also on the rise, albeit at a slightly slower pace, with a median apartment price of $300,000 and an annual trend increase of 2.1%. These trends reflect a balanced market that is attractive to both homeowners and investors alike.
Investment Opportunities and Potential
Harbourville presents promising investment opportunities. Given the population growth rate of 7.1%, which far exceeds national averages, there is potential for increased demand in housing. This burgeoning population, currently standing at 15,000 residents, suggests that both rental and sale markets will likely see upward pressure on prices in the near term. Investors can capitalize on this growth by investing in properties that cater to the growing demographic, potentially yielding considerable returns through both capital appreciation and rental income.
Future Market Outlook
Looking ahead, Harbourville’s real estate market shows signs of sustained growth and stability. The consistent increase in property values coupled with robust population growth positions the market on a positive trajectory. If these trends continue, we can expect the median house price to keep its gradual climb, maintaining or possibly increasing the current rate of appreciation. Prospective buyers may want to consider entering the market sooner rather than later to take advantage of current prices before they rise further.
In summary, Harbourville’s real estate market appears poised for continued growth and presents an attractive landscape for investors as well as individuals looking to purchase property in a dynamic community. It will be important to monitor key economic indicators closely as they will shape the market’s direction moving forward.
