Malagawatch, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $605,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,600 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,100 |
| 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 Malagawatch, Nova Scotia, is currently experiencing a period of moderate growth. The median house price stands at $495,000, which reflects a year-over-year increase of 3.2%. This steady appreciation indicates a healthy demand for single-family homes in the area. Similarly, the median apartment price has risen to $295,000, with a more modest year-over-year growth of 1.8%. This suggests that while apartments are also in demand, they are not appreciating as quickly as houses.
The population of Malagawatch has reached 15,100 residents, showcasing a robust growth rate of 3.4%. This demographic expansion is likely contributing to the overall demand for housing in the region and supporting the current upward pricing trend.
Investment Opportunities and Potential
The investment potential in Malagawatch’s real estate market is promising due to several key factors. Firstly, the consistent increase in property values indicates a stable market that could offer reliable capital gains over time. Secondly, the population growth signifies an expanding customer base for rental properties—both houses and apartments—which may lead to higher rental income for investors.
With houses experiencing a higher appreciation rate than apartments, investors might consider targeting single-family homes for better long-term growth potential. However, apartments should not be overlooked as they can still provide solid returns and may be more accessible entry points into the real estate market due to their lower median price.
Future Market Outlook
The future outlook for Malagawatch’s real estate market appears optimistic. If current trends continue—a combination of population growth and steady price increases—the region can expect ongoing demand for residential properties. The local economy and employment rates will be critical factors to watch as they directly impact the purchasing power of potential homebuyers and renters.
Assuming no significant economic downturn or policy changes that adversely affect the housing market, investors and homebuyers can anticipate continued moderate property value appreciation. However, as with any investment, it is crucial to remain informed about both local and national economic indicators which may influence future market conditions.
