Kingsburg, 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
Current Market Conditions and Trends
The real estate market in Kingsburg, Nova Scotia, currently presents a stable environment with positive growth indicators. The median house price in the region stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent growth trend suggests a healthy demand for houses in the area. Similarly, apartments are experiencing a steady appreciation, with the median apartment price reaching $300,000 and experiencing a 2.1% year-over-year growth.
The local population has reached approximately 15,000 residents, with a robust growth rate of 7.1%. This significant demographic expansion is a positive signal for real estate demand and contributes to the momentum observed in property values.
With both housing types appreciating at a moderate pace, the Kingsburg real estate market is positioned as attractive for homeowners seeking long-term value retention without the volatility seen in some larger markets.
Investment Opportunities and Potential
Kingsburg’s real estate market offers promising investment opportunities given its current trajectory. Investors looking at the single-family home segment can expect gradual equity gains with the current 3.5% annual appreciation rate of median house prices. Apartments offer a slightly lower growth trend at 2.1% per annum but provide an entry point into the market at a more accessible price point of $300,000.
The ongoing population growth enhances rental demand and supports the investment case for both rental properties and developments aimed at meeting this increasing housing need. Moreover, the steady market conditions suggest that Kingsburg could be an excellent location for investors seeking to diversify their portfolio away from more volatile markets.
Future Market Outlook
Moving forward, Kingsburg’s real estate market appears poised for continued growth fueled by its increasing population and corresponding demand for housing. Assuming current economic conditions persist, we can anticipate ongoing moderate appreciation rates for both houses and apartments. The sustained population increase of 7.1% will likely continue to drive residential development and could potentially accelerate if regional economic drivers emerge or strengthen.
However, it is essential for investors to monitor external factors such as interest rate changes, economic policies affecting employment in the region, and potential shifts in migration patterns that could influence future market dynamics.
In conclusion, Kingsburg’s real estate market demonstrates promising signs for both immediate investment opportunities and long-term prospects due to its stable growth patterns and demographic trends. Investors should perform due diligence while remaining attentive to broader economic indicators that may affect future performance.
