Marshville, 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 Marshville, Nova Scotia is experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation. This trend is mirrored in the apartment sector, where median prices have reached $300,000, growing at a slightly lower rate of 2.1% year-over-year. These consistent price uptrends are indicative of a stable real estate environment.
Marshville’s population has also seen significant growth, with a 7.1% increase, which implies an expanding local economy and potentially higher demand for housing. The influx of new residents could be contributing to the steady rise in property values as demand in the housing market strengthens.
Investment Opportunities and Potential
Given the positive trends in Marshville’s real estate market, there are several opportunities for investors. The continuous increase in property values suggests that purchasing residential properties for long-term investment could yield substantial returns as equity builds over time.
The strong population growth also opens up potential for rental investments. Investors can capitalize on the rising need for housing by acquiring properties to rent out, benefiting from both rental income and property value appreciation.
Moreover, the more modest growth rate in apartment prices compared to houses indicates that apartments could be an accessible entry point for investors looking to diversify their portfolio without committing to the higher capital required for houses.
Future Market Outlook
The future outlook of Marshville’s real estate market appears optimistic. If current trends continue, with sustained population growth and gradual price increases, the market is likely to remain buoyant. Predictions would suggest further appreciation in property values, making both residential purchases and rental properties appealing investment choices.
However, potential investors should remain vigilant about broader economic factors that could influence these trends, including interest rate changes, employment rates in the region, and any policy changes affecting homeownership and property investment.
In conclusion, Marshville presents itself as an attractive market with solid growth potential for real estate investors. By maintaining a close watch on the local economy and demographic shifts, stakeholders can make informed decisions to capitalize on this upward trajectory.
