Louisbourg, 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 Louisbourg, Nova Scotia, is currently experiencing a steady growth in property values. With a median house price of $500,000, the market has seen an appreciation of 3.5% year-over-year. This indicates a healthy demand for residential properties and a competitive market for potential homebuyers.
The apartment sector is also showing positive movement with a median price of $300,000 and a growth trend of 2.1% year-over-year. This slower pace compared to houses suggests that apartments are a more stable but still appreciating investment option.
The population of Louisbourg stands at 15,000 residents, having grown by 7.1%. This influx of new residents is likely contributing to the demand for housing and helping to drive up property values across the board.
Investment Opportunities and Potential
The current trends provide several investment opportunities in Louisbourg’s real estate market. Given the solid growth in median house prices, investing in residential properties could yield considerable returns as the demand continues to surge alongside the population growth.
Apartments represent a potentially lucrative investment as well with their steady price increase. Investors looking for long-term holdings might find these properties appealing due to their more stable nature and ongoing rental demand driven by both local residents and newcomers.
The combination of rising property values and population growth also opens doors for development projects. With more people moving to Louisbourg, there is potential for new housing developments, renovations of existing properties, and investments in infrastructure to meet the growing needs of the community.
Future Market Outlook
The future outlook for Louisbourg’s real estate market remains optimistic. As long as the population continues to grow at a healthy rate, demand for housing should sustain property value increases. The consistent rise in both house and apartment prices points towards a robust market with room for appreciation.
However, potential investors should monitor economic factors such as employment rates, interest rates, and regional economic development initiatives that could influence market dynamics. Staying informed will be crucial for making strategic investment decisions that align with future market shifts.
In summary, Louisbourg presents an attractive market for both residential property buyers and real estate investors. With careful consideration of broader economic indicators and continued monitoring of local trends, stakeholders can take advantage of the opportunities this growing Nova Scotian community has to offer.
