Lantz, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $605,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Lantz, Nova Scotia, the real estate market has shown steady growth with the median house price currently at $495,000, reflecting a 3.2% year-over-year increase. This increment signals a healthy demand for residential properties in the area. The apartment sector is also experiencing growth, albeit at a slightly slower pace, with the median apartment price standing at $295,000 and witnessing a 2.5% year-over-year uptick. These trends suggest that Lantz’s real estate market is on an upward trajectory, which is further supported by the area’s positive population growth of 3.3%, currently recorded at 15,500 residents.
2. Investment Opportunities and Potential
The ongoing appreciation in property values presents attractive investment opportunities in Lantz. The consistent rise in prices indicates strong market fundamentals and potential for continued capital gains for investors. The housing market’s performance, coupled with the growing population—which often leads to increased demand for rental properties—suggests that both residential and rental investments could yield promising returns.
Moreover, given that the market is not experiencing explosive growth rates, there is less likelihood of a bubble, which might appeal to investors looking for stable and sustained long-term appreciation rather than short-term speculative gains.
3. Future Market Outlook
The future of Lantz’s real estate market appears optimistic. With a solid population increase of 3.3%, the demand for housing is expected to remain robust, thereby supporting both the resale market and new housing developments. As long as economic conditions remain favorable and the population continues to grow, both homebuyers and investors can expect a resilient market with potential for further price appreciation.
Investors should monitor local economic drivers and infrastructure developments as these factors can significantly influence the real estate market’s direction. Nonetheless, current data points towards a healthy market outlook for Lantz over the coming years.
