Kemptville, 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
1. Current Market Conditions and Trends
The real estate market in Kemptville, Nova Scotia is currently experiencing a period of steady growth. With a median house price sitting at $500,000 and an annual price increase of 3.5%, the market demonstrates a healthy and consistent upward trend. Similarly, the apartment sector is following suit with a median price of $300,000 and a year-over-year increase of 2.1%. This indicates a strong and growing demand for residential properties in Kemptville.
The population of Kemptville has reached 15,000 residents, bolstered by a significant growth rate of 7.1%. This influx of new residents is a likely contributor to the rising property demand and prices in the region. The current trends suggest that Kemptville is becoming increasingly attractive to both individuals and families looking for residential opportunities.
2. Investment Opportunities and Potential
Given the positive population growth and property value trends, Kemptville presents several intriguing investment opportunities. The steady increase in house prices reflects ongoing demand which may be beneficial for long-term real estate investors seeking capital appreciation.
For those interested in rental properties, the growing population suggests that there could be continued demand for rental accommodations, potentially leading to favorable rental yields for investors. Furthermore, with apartment prices growing at a slightly slower pace than houses, this segment may offer more accessible entry points for investors while still providing room for appreciation.
3. Future Market Outlook
The future market outlook for Kemptville remains optimistic based on current data. The robust population growth paired with consistent increases in property values indicates that the market possesses strong fundamentals likely to support continued expansion.
If current trends persist, investors can reasonably expect ongoing appreciation in property values over the coming years. Moreover, as the local economy potentially strengthens in response to the growing population, this could further stimulate the real estate market by attracting more residents and fostering higher demand for properties in Kemptville.
