Leville, 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 Leville, Nova Scotia has been experiencing stable growth. With a median house price of $500,000, the market has seen a year-over-year price increase of 3.5%. Similarly, the median apartment price is currently at $300,000, marking a slower yet consistent year-over-year appreciation rate of 2.1%. This steady growth can be partly attributed to Leville’s population expansion, having risen by 7.1% recently, indicating an influx of residents and sustained demand for housing.
Investment Opportunities and Potential
The investment landscape in Leville presents promising opportunities for both residential property investors and developers. The continuous uptick in median house prices suggests that purchasing residential properties could yield substantial returns over time. Moreover, the consistent rise in apartment values indicates a solid market for smaller investment properties suited to single professionals or small families.
A growing population also implies increased rental demand, presenting potential for rental income gains for investors. The current trends suggest that investing in multi-unit residential buildings may offer scalability benefits, with long-term capital appreciation as a compelling draw for investors looking to diversify their portfolio within the real estate sector of Leville.
Future Market Outlook
Looking ahead, the future real estate market outlook for Leville is optimistic. Given the robust population growth of 7.1%, it is likely that housing demand will continue to rise, potentially leading to further property value increases. However, this anticipation must be tempered by the understanding that external economic factors can impact market conditions.
If the local economy continues to prosper and attract new residents seeking employment or lifestyle changes, it could reinforce the positive trajectory of property values. Therefore, potential investors are advised to monitor not only local but also national economic indicators that could influence the real estate market’s performance in Leville.