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
The real estate market in Lahave, Nova Scotia currently presents a stable environment with moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a continuous yet modest appreciation in property values, suggesting a healthy demand for housing in the area.
Similarly, the apartment sector shows resilience with a median price of $300,000 and an annual growth rate of 2.1%. The parallel growth trends across different housing types reflect a balanced market not overly skewed towards either houses or apartments.
With a population of 15,000 that has grown by 7.1%, Lahave is experiencing noticeable demographic expansion which is likely contributing to the sustained demand for residential properties.
Investment Opportunities and Potential
The current steady ascent in property prices coupled with the significant population growth suggests that Lahave is poised for further development. This environment creates fertile ground for investment opportunities, particularly for those looking to enter the market before potential acceleration in price growth.
Investors could consider leveraging the lower entry point presented by apartments at $300,000 or explore the more premium single-family home segment which might offer larger capital gains over time given the higher growth rate.
The demographic trend also implies potential for rental investments as new residents may look for temporary housing solutions before purchasing homes. This could be especially appealing to investors interested in building a portfolio of rental properties to cater to this burgeoning population.
Future Market Outlook
Lahave’s real estate market outlook appears promising. The consistent price growth in both houses and apartments signals ongoing strength and sustainability. Given the robust population increase, it is reasonable to anticipate continued demand for housing which should underpin future property value appreciation.
If current trends hold, investors can expect a favorable return on investment due to the progressive yet steady escalation of property prices. However, prospective investors should remain vigilant about local economic factors and national real estate policies that may influence the market dynamics in Lahave.
To summarize, Lahave presents an attractive real estate profile with its steady growth trajectory and substantial population expansion serving as key indicators for optimistic future performance.
