Hebbville, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Hebbville, Nova Scotia, is currently experiencing steady growth. With a median house price of $495,000, the market has seen a 3.8% year-over-year increase, indicating a stable upward trend in property values. Similarly, the median apartment price stands at $295,000, reflecting a more modest yet consistent 2.5% year-over-year growth rate. These trends suggest healthy demand and a robust local economy capable of supporting real estate appreciation.
The population of Hebbville has been growing at a rate of 3.4%, which is above average and can contribute to the demand for housing. This demographic expansion further justifies the current positive momentum in property values and indicates an active market with potential for continued growth.
Investment Opportunities and Potential
The investment opportunities within Hebbville’s real estate market are promising due to sustained price appreciation and solid population growth. The statistics indicate that there is ongoing demand for both housing and rental accommodations, making this an opportune time for investors to consider adding Hebbville properties to their portfolios.
Given the steady rise in property values across both houses and apartments, investors have the potential to realize capital gains over the medium to long term. Additionally, Hebbville’s growing population suggests that rental properties may also yield attractive returns through consistent rental income.
Future Market Outlook
Looking ahead, Hebbville’s real estate market appears poised for continued growth. The consistent rise in house and apartment prices coupled with solid population growth provides a positive outlook for the future of the market.
Assuming no major economic shifts or policy changes that could adversely affect the housing market, current trends suggest that Hebbville will maintain its trajectory of gradual appreciation. Investors and homeowners alike can feel reasonably confident about entering or remaining in this market based on its performance indicators.
In summary, with careful monitoring of economic factors and consideration of local developments that could impact supply and demand, the future outlook for Hebbville’s real estate market remains favorable.
