Kenloch, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| 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 | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $605,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| 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 Kenloch, Nova Scotia is currently experiencing steady growth. With a median house price of $495,000 and a year-over-year increase of 3.2%, the market is showing healthy appreciation. Similarly, the median apartment price stands at $295,000, with a slightly lower annual growth rate of 2.5%. These trends suggest a stable and growing market that is likely to continue on this trajectory in the near term.
Investment Opportunities and Potential
For investors looking into the Kenloch real estate market, there are promising opportunities to be found. Given the consistent rise in property values, purchasing residential properties could yield significant returns over time. The rental market also presents potential due to the town’s population growth rate of 2.7%, which is likely driving demand for housing. Investors should consider both traditional home buying as well as apartment investments to cater to various segments of the population.
Future Market Outlook
The future outlook for Kenloch’s real estate market appears positive. The steady growth in both house and apartment prices, coupled with a robust population growth rate suggests that demand for housing will continue to rise. This upward trend is expected to maintain or potentially increase median property values and keep the investment climate favorable. Potential investors and current homeowners can be cautiously optimistic about continued growth in the Kenloch real estate market.
