Lincolnville, 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 in Lincolnville, Nova Scotia
The real estate market in Lincolnville is experiencing steady growth, evidenced by the increase in median house prices, which currently stand at $500,000, marking a 3.5% year-over-year increase. Similarly, the median apartment price has risen to $300,000, with a slightly lower growth rate of 2.1% year-over-year. This suggests a stable and growing market that is attracting interest from both homeowners and investors alike.
The population of Lincolnville has seen substantial growth of 7.1%, which is likely contributing to the demand for housing in the area. The influx of new residents may be due to several factors such as employment opportunities, attractive amenities, or an overall rise in the area’s popularity.
Investment Opportunities and Potential in Lincolnville
Lincolnville presents appealing investment opportunities, particularly in residential properties. Given the solid growth trends in both house and apartment prices, investors can anticipate continued appreciation of real estate assets in this region. The strong population growth further underscores the demand for rental properties, making Lincolnville an attractive location for investors looking to expand their portfolios with long-term rental units or short-term vacation rentals.
With median property prices still accessible compared to larger urban centers, Lincolnville stands out as a promising market for both first-time homebuyers and seasoned investors seeking valuable opportunities outside of overheated markets.
Future Market Outlook for Lincolnville Real Estate
The future outlook for Lincolnville’s real estate market remains optimistic. Factors such as ongoing population growth and sustained property value increases suggest that the market will remain buoyant. If current trends persist, we can expect further steady increases in property values across all segments of the market.
Moreover, if local economic development initiatives prove successful and continue to attract new residents and businesses to the area, demand for housing will likely maintain its upward trajectory. Investors and potential homebuyers should monitor factors such as interest rates, local economic policies, and national real estate regulations that could impact future market conditions.
