Kenzieville, 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 Kenzieville real estate market is currently experiencing a period of steady growth, with median house prices sitting at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for housing in the area, supported by an increasing population which has grown by 7.1% recently. The median apartment price has also seen growth, albeit at a slower rate of 2.1% year-over-year, indicating a stable demand for more affordable and possibly entry-level housing options, with prices averaging at $300,000.
Investment Opportunities and Potential
The consistent rise in property values indicates that Kenzieville holds promising investment opportunities for both residential properties and rental markets. The robust population growth rate of 7.1% suggests an influx of residents seeking accommodation, which could drive demand for rental properties. Investors might find particular potential in the apartment sector due to its lower entry price point of $300,000 and sustained price appreciation trend.
Future Market Outlook
The future market outlook for Kenzieville remains optimistic based on current trends and data. The persistent increase in property values coupled with notable population growth positions the market on a path of continued expansion. If these trends hold, investors and homeowners could expect to see ongoing appreciation in their property values over the coming years. However, it is crucial to monitor economic factors that could influence purchasing power and interest rates, as they can significantly affect real estate market dynamics.
