Lahave, 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
In Lahave, Nova Scotia, the real estate market is currently characterized by a steady increase in property values. The median house price stands at $500,000, with a year-over-year growth of 3.5%. This indicates a stable market that has been experiencing consistent appreciation. Similarly, apartment prices have seen a rise, with the median price at $300,000 and an annual growth rate of 2.1%.
The population of Lahave has been growing at a rate of 7.1%, which is a significant factor in driving demand for housing in the area. This growth suggests an increasing need for both rental and owner-occupied properties.
Investment Opportunities and Potential
The current trends in Lahave present several opportunities for real estate investors. With house prices steadily increasing, purchasing residential properties could lead to capital gains over time. The ongoing population growth implies that rental properties are likely to be in high demand, potentially yielding attractive returns for landlords and those investing in multi-family dwellings.
The lower median price of apartments compared to houses also points towards an opportunity for investors looking for a more affordable entry point into the real estate market or those interested in catering to individuals who may prefer smaller living spaces.
Future Market Outlook
The future outlook of Lahave’s real estate market remains positive based on current trends and population dynamics. Assuming that the local economy continues to support the population increase and that no major disruptive events occur, property prices are likely to maintain their upward trajectory.
Investors should monitor factors such as employment rates, infrastructure developments, and interest rates as they can affect market conditions significantly. However, given the strong fundamentals of population growth and historical price trends, Lahave’s real estate market appears poised for continued growth in both the short and long term.
