Kenloch, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Kenloch, Nova Scotia, is currently experiencing stable growth. With a median house price of $500,000 and a year-over-year price increase of 3.5%, the market is showing healthy appreciation. Similarly, the apartment sector is also witnessing growth with a median price of $300,000, which has increased by 2.1% over the past year.
The population of Kenloch has grown to 15,000 residents, a significant increase of 7.1%. This demographic trend suggests a rising demand for housing in the area. The steady population growth coupled with moderate price increases indicates a balanced market that is neither overheating nor cooling down too swiftly, making it attractive for both buyers and sellers.
Investment Opportunities and Potential
Investors looking at Kenloch will find potential in both the residential housing and apartment sectors. The consistent growth in property values, along with substantial population expansion, presents an opportunity for long-term capital gains. The housing market offers investors a chance to capitalize on single-family homes which are appreciating at a slightly higher rate than apartments.
With rental demand likely to increase due to population growth, purchasing apartments could also be a strategic investment for those interested in generating rental income. Considering the more modest appreciation rate for apartments, they may present more affordable entry points into the real estate market for new investors.
Future Market Outlook
The future outlook for Kenloch’s real estate market appears promising. Given the current trends and statistics, we can anticipate continued moderate growth in property values over the coming years. The significant population increase suggests that there will be sustained demand for housing which should underpin the market’s stability.
However, potential investors and homeowners should remain vigilant about economic factors that could influence interest rates and affordability. Monitoring local development plans and infrastructure projects will also be essential as these can have profound impacts on future property values in specific areas within Kenloch.
