Liverpool, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
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
Current Market Conditions and Trends
The real estate market in Liverpool, Nova Scotia, is currently demonstrating steady growth. With a median house price of $490,000 and an appreciative trend of 3.2% year-over-year, the market is showing healthy activity. Similarly, the apartment sector is witnessing a slightly lower growth rate with prices at a median of $295,000 and trending upwards at 2.5% annually. These figures suggest a balanced market that is becoming increasingly attractive to buyers looking for both value appreciation and affordable entry points.
The population of Liverpool has grown by 3.3% to 15,500 residents, indicating a burgeoning demand for housing driven by demographic shifts. This influx of new residents may be contributing to the gradual price increases seen in the local real estate market as supply strives to meet demand.
Investment Opportunities and Potential
Given the current market conditions, Liverpool presents several opportunities for real estate investors. The consistent increase in property values indicates a stable investment environment with potential for capital gains over time. Residential properties, particularly houses which are experiencing higher rates of appreciation compared to apartments, are proving to be sound investments.
The town’s growing population suggests that rental properties could also be in high demand, providing investors with the chance to capitalize on rental income in addition to long-term property appreciation. The moderately priced apartment sector can be particularly attractive for investors looking to enter the market at a lower point while still benefiting from the overall positive trend.
Future Market Outlook
The future outlook for Liverpool’s real estate market remains optimistic. Population growth is a strong indicator of continued demand for housing which should support sustained price increases unless there is a significant expansion in housing supply.
As long as economic conditions remain favorable and the region continues to attract new residents due to its lifestyle or employment opportunities, the local real estate market should continue on its upward trajectory. Investors and homebuyers can expect a competitive but potentially rewarding market environment in Liverpool over the coming years.
