Margaretsville, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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
In Margaretsville, Nova Scotia, the real estate market is currently experiencing steady growth. The median house price stands at $485,000, with a year-over-year increase of 2.8%. This indicates a stable market with moderate appreciation in property values. Similarly, the median apartment price has reached $295,000, following a year-over-year trend of a 1.9% increase. The consistent growth in both housing segments suggests a healthy demand for properties in the area.
The population of Margaretsville is approximately 15,500 residents, which has grown by 3.3% recently. This population growth is likely contributing to the demand for housing and supporting the current market trends.
Investment Opportunities and Potential
Given its current trajectory, Margaretsville presents attractive investment opportunities for both residential and rental markets. The steady increase in property values offers potential for capital gains over time. Furthermore, with an ongoing population growth rate of 3.3%, demand for rental properties could be expected to rise, providing investors with opportunities to generate consistent rental income.
The moderate price appreciation in the housing market also suggests that Margaretsville may appeal to first-time homebuyers or individuals looking for more affordable housing options compared to larger urban centres.
Future Market Outlook
The future outlook for Margaretsville’s real estate market looks promising based on current trends and demographic factors. With a growing population and steady price increases, it is reasonable to anticipate continued demand for housing in the region.
If the area maintains its population growth rate and economic factors remain favourable, we can expect a sustained or possibly increased rate of property value appreciation. Investors and homebuyers should monitor local developments closely, such as infrastructure improvements or economic initiatives that could further influence the desirability and value of real estate in Margaretsville.
