Kenzieville, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.6% |
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 | $425,000 |
3 bedrooms | $485,000 |
4 bedrooms | $575,000 |
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) | 14,500 |
Population Change | 4.8% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,600 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The Kenzieville real estate market is currently experiencing a period of steady growth, as evidenced by the increasing median house price, which now stands at $485,000, marking a 3.2% year-over-year uptick. Similarly, the market for apartments is also showing healthy growth, with a median price of $295,000 and growing at a rate of 2.5% year-over-year. This consistent upward trend in property values suggests a sustained demand and a robust market.
The local population has seen significant growth of 4.8%, which can be attributed to various factors such as Kenzieville’s attractive living conditions, economic opportunities, and lifestyle offerings. This increase in population is a key driver for the demand in housing, thus underpinning the current upswing in property prices.
Investment Opportunities and Potential
Kenzieville presents various investment opportunities for those looking to enter the real estate market. The continuous appreciation in property values indicates room for capital gains for investors seeking long-term growth. Additionally, with the population on the rise in Kenzieville, there is an opportunity to invest in rental properties due to potential increases in rental demand.
Investors might consider both residential sectors—houses and apartments—as viable options given their respective price trends. Houses offer more space and may attract family-oriented renters or buyers, while apartments could appeal to professionals or smaller households seeking affordability and convenience.
Future Market Outlook
Looking ahead, the future market outlook for Kenzieville appears promising. The continued population growth is likely to sustain demand for housing. Assuming no major economic disruptions occur and that population trends continue upwards, we can expect both the house and apartment markets to maintain their steady growth trajectories.
Moreover, should the local economy remain strong or improve further—potentially through new business initiatives or infrastructure developments—the real estate market could see an even greater influx of interest from outside investors and homebuyers looking to capitalize on Kenzieville’s quality of living and investment potential.