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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




Harbourville, Nova Scotia Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Harbourville, Nova Scotia, currently presents a stable environment with modest growth. With a median house price of $500,000 that has seen a year-over-year increase of 3.5%, the market is experiencing steady appreciation. Similarly, the median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% year-over-year. These trends reflect a balanced market that is attractive to both homeowners and investors.

The population of Harbourville is currently 15,000, with an impressive growth rate of 7.1%. This demographic trend suggests a potential increase in demand for housing in the near future, which may contribute to sustained or increased property value appreciation.

Investment Opportunities and Potential

Given the healthy population growth and consistent appreciation in property values, Harbourville presents several investment opportunities. The single-family housing market remains robust due to its higher growth rate compared to apartments. Investors might consider this sector for long-term capital gains. On the other hand, with apartment prices also on the rise but at a more measured pace, there is potential for investors to enter the market at a lower entry point while still benefiting from asset appreciation over time.

In addition to purchasing properties outright, investors could explore opportunities in developing rental properties or engaging in real estate development projects aimed at meeting the increasing demand fueled by population growth.

Future Market Outlook

Looking ahead, Harbourville’s real estate market appears poised for continued growth. The combination of strong population increases and steady property value appreciation indicates that both demand and prices are likely to remain on an upward trajectory. Barring any unforeseen economic events or policy changes that could affect the housing market, investors can reasonably expect ongoing positive trends over the medium to long term.

However, it’s important for investors and homebuyers alike to remain vigilant about national and global economic conditions that could impact interest rates and lending practices. Keeping an eye on local developments regarding infrastructure and employment will also be crucial for making informed decisions about entering or exiting the Harbourville real estate market.