Joggins, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| 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 | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Joggins, Nova Scotia, the real estate market is currently experiencing steady growth. The median house price stands at $485,000, reflecting a year-over-year increase of 4.2%. This increment indicates healthy demand and a competitive market for potential homeowners. In the apartment sector, the median price is listed at $295,000 with a more modest year-over-year appreciation of 2.5%. The slower growth in apartment prices suggests that while there is consistent interest in more affordable housing options, the market is less dynamic than that of single-family homes.
Investment Opportunities and Potential
The sustained growth in house prices coupled with a significant population increase of 3.4% presents numerous investment opportunities in Joggins. This demographic expansion suggests a rising demand for housing which could benefit investors looking to enter the rental market or flip properties. Furthermore, the relatively lower median price for apartments offers an accessible entry point for first-time investors or those with limited capital. Considering the overall upward trend in property values, investing in Joggins real estate could yield profitable returns over the medium to long term.
Future Market Outlook
The future outlook for Joggins’ real estate market remains optimistic. With an ongoing population growth rate of 3.4%, demand for housing is expected to remain strong. This demographic trend is likely to continue fueling both the rental and buyer markets. The consistent appreciation in house prices points towards a stable investment climate and potentially increasing property values over time. However, as with any investment, it’s important to keep an eye on economic factors that could influence the area’s real estate trajectory.
