Londonderry, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| 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 | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,600 |
| Population Change | 4.1% |
| 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 Londonderry, Nova Scotia, is currently experiencing steady growth. With a median house price of $485,000 and a year-over-year increase of 3.3%, the market shows signs of moderate appreciation. This indicates a healthy demand for housing in the area. Similarly, the median apartment price stands at $295,000 with a slightly lower growth rate of 2.5% year-over-year. The consistent growth in property values reflects the overall stability and positive sentiment in Londonderry’s real estate sector.
The local population has seen a notable increase of 4.1%, suggesting that Londonderry is attracting new residents and possibly benefiting from economic expansion or an influx of people seeking the lifestyle offered by the region. Such demographic changes often contribute to sustaining demand for housing, both rental and owned.
Investment Opportunities and Potential
Given the stable increase in property values and demographic growth, Londonderry offers several investment opportunities. For investors looking to purchase residential properties, the gradual appreciation of house prices provides an opportunity for capital gains over time. The rental market is likely buoyed by population growth, potentially offering attractive returns for those investing in buy-to-let properties.
Additionally, the slower growth rate observed in the apartment segment compared to houses suggests there may be an opening for investors to enter this market at a more accessible price point with room for value appreciation. As new residents may initially seek more flexible housing options like apartments, strategically investing in this segment could be beneficial.
Future Market Outlook
The future outlook for Londonderry’s real estate market appears cautiously optimistic. The consistent rise in property prices coupled with steady population growth points towards ongoing demand. If current trends persist, investors and homeowners can expect continued property value appreciation, albeit at a sustainable rate that mitigates risks of overheating.
However, external economic factors such as interest rate changes, employment rates, and broader provincial or national economic health must be monitored as they can significantly impact local real estate dynamics.
In conclusion, Londonderry’s real estate market presents as stable with potential for steady growth. Both housing and apartment markets offer promising avenues for investment due to increasing property values and population growth. Prospective investors should maintain vigilance on macroeconomic indicators while considering local demographic trends to make informed decisions.
