Hilden, 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
The real estate market in Hilden, Nova Scotia is experiencing a period of steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing sector shows resilience and consistent value increment. Apartments in the region are also witnessing growth, albeit at a slightly slower pace, with a median price of $300,000 and a year-over-year increase of 2.1%. This differential growth rate between houses and apartments may indicate a stronger demand for single-family homes or reflect the distinct investment preferences within the local market.
Investment Opportunities and Potential
Hilden’s real estate market presents several lucrative opportunities for investors. The consistent upward trend in property values suggests that investments made today have a high potential for capital gains in the future. The more moderate price appreciation in apartments compared to houses could appeal to investors looking for lower entry points into the market or those interested in rental income streams. Furthermore, with a population growth rate of 7.1%, there is likely to be sustained demand for housing, which bodes well for both rental and resale markets.
Future Market Outlook
The outlook for Hilden’s real estate market remains optimistic given current trends and demographic indicators. The strong population growth rate indicates an inflow of new residents, which may drive demand for housing further. If these trends persist, we can expect both house and apartment prices to continue their upward trajectory, albeit potentially at different rates. Investors should monitor migration patterns, employment rates, and interest rates as key indicators that could affect market dynamics moving forward.
