Leminster, 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 | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.9% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $385,000 |
3 bedrooms | $495,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,700 |
Population Change | 3.4% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Leminster, Nova Scotia, currently exhibits a stable growth pattern. The median house price stands at $495,000, which reflects a year-over-year increase of 3.2%. This steady appreciation indicates a healthy demand for houses in the area. Similarly, apartments in Leminster are experiencing a positive trend with the median price at $295,000 and a 1.9% year-over-year increment. These figures suggest that the market is growing at a moderate pace, maintaining affordability while ensuring value growth for property owners.
Investment Opportunities and Potential
Leminster’s real estate market presents promising investment opportunities. The consistent rise in property values coupled with the area’s population growth of 3.4% points towards an increasing demand for housing. Investors can capitalize on the potential for rental income as well as long-term capital gains given the upward trajectory of home prices. The contrast between house and apartment price points also indicates diverse investment entry options for varying budgets—whether one is looking to invest in single-family homes or multi-unit residential properties.
Future Market Outlook
The future outlook of Leminster’s real estate market looks optimistic based on current trends and demographic data. With an expanding population that has grown by 3.4%, there is potential for continued demand in the housing sector. This demographic trend can result in sustained or increased growth rates for both house and apartment prices. As long as economic conditions remain favorable and infrastructure development keeps pace with population growth, Leminster’s real estate market should maintain its current trajectory, offering stability and potential profitability to investors and homeowners alike.