Mavillette, 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 Mavillette, Nova Scotia, is currently experiencing moderate growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market shows signs of steady appreciation. Similarly, the median apartment price stands at $300,000 with a slower growth trend of 2.1% year-over-year. This suggests a more conservative investment environment for apartments compared to houses.
The population of Mavillette has seen significant growth at 7.1%, indicating increasing demand for housing in the area. This demographic trend could be supporting the sustained growth in property values as more people seek residence in this locale.
Investment Opportunities and Potential
The current trends indicate that Mavillette offers promising investment opportunities, particularly in the housing sector. The consistent increase in median house prices suggests that investing in residential properties could provide favorable returns over time. With population growth outpacing many other regions, demand for housing is likely to remain strong, potentially pushing prices higher.
Apartment investments also present an opportunity, though with a lower appreciation rate compared to houses. Investors looking for more affordable entry points into the real estate market may find apartments appealing. The lower price point combined with a growing population might result in increased rental demand, which could be advantageous for buy-to-rent investors.
Future Market Outlook
The future outlook for Mavillette’s real estate market remains positive with several factors contributing to its potential sustained growth:
- Population Growth: The robust population increase suggests continued demand for housing, supporting both rental and sale markets.
- Stable Appreciation: The steady uptrend in house prices indicates a resilient market that may continue to offer good investment returns.
- Economic Factors: Local economic developments and infrastructural improvements could further enhance property values and attract new residents.
However, investors should remain cautious and monitor economic conditions closely as external factors such as interest rates and national economic performance can influence local real estate markets.
