Lantz, 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 Lantz, Nova Scotia is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This reflects a healthy demand for single-family homes in the area. Similarly, the median apartment price stands at $300,000, having appreciated by 2.1% compared to the previous year.
The population of Lantz is approximately 15,000 residents, with a robust growth rate of 7.1%. This influx of new residents may be contributing to the sustained demand for housing and the overall positive trend in property values.
Investment Opportunities and Potential
Lantz’s real estate market offers appealing opportunities for investors seeking stable assets within a growing community. The consistent appreciation in both house and apartment values indicates a strong investment potential for both rental properties and long-term equity growth.
The rise in population suggests an ongoing demand for housing which may lead to favorable rental occupancy rates and potential for rent increases over time. Investors should consider the lower entry point for apartments as an attractive option, especially given that this sector is also experiencing a steady appreciation trend.
Future Market Outlook
The future outlook for Lantz’s real estate market remains positive. The continuous population growth paired with sustained property value appreciation suggests that the demand for housing will persist, potentially leading to a robust market in the upcoming years.
If current trends hold, investors can expect further gradual increases in property values. However, it is important to stay informed about local economic developments and any changes in housing supply that could affect market dynamics.
In conclusion, Lantz offers a promising environment for real estate investment with its steady market conditions and potential for continued growth. As always, investors should perform due diligence and consider consulting with local real estate professionals before making any investment decisions.
