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 in Hilden, Nova Scotia
The real estate market in Hilden, Nova Scotia, is currently exhibiting stable growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This increment indicates a healthy demand for housing in the area while remaining relatively affordable compared to major urban centers. Similarly, the median apartment price has seen a rise of 2.1% over the past year, now at $300,000.
This moderate and steady appreciation in property values is indicative of a balanced market where supply keeps up with demand. Additionally, the population of Hilden has experienced significant growth at a rate of 7.1%. This demographic trend suggests an increasing demand for housing which may continue to support property value appreciation.
Investment Opportunities and Potential in Hilden
Hilden presents attractive investment opportunities considering its current growth trajectory. With population expansion outpacing many other regions, there is potential for both residential and commercial real estate development. The consistent rise in property values provides investors with the opportunity for capital gains in the medium to long term.
Moreover, the difference between house and apartment prices points towards a diverse range of investment possibilities catering to different market segments. Investors could benefit from investing in single-family homes due to their higher appreciation rate while also considering apartments as rental properties that appeal to individuals or small families who may not be ready for homeownership.
Future Market Outlook for Hilden Real Estate
The future market outlook for Hilden’s real estate appears promising based on current trends and data. Considering the robust population growth coupled with steady property value increases, it’s likely that the demand for housing will persist. If economic conditions remain favorable and the area continues to attract new residents due to employment opportunities or lifestyle factors, we can expect continued healthy growth in the real estate sector.
However, potential investors and homeowners should also keep an eye on broader economic indicators and local developments that might influence market conditions such as interest rate changes, new infrastructure projects, or shifts in local industry which could impact employment and consequently housing demand.
In conclusion, Hilden’s real estate market offers both stability for homeowners and potential for investors looking for growth opportunities within Nova Scotia’s vibrant housing landscape.
