Meteghan, 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 in Meteghan, Nova Scotia
The real estate market in Meteghan, Nova Scotia is currently experiencing stable growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This steady rise in housing prices indicates a solid market with consistent demand. Similarly, the apartment sector shows a positive trajectory with a median price of $300,000 and a 2.1% annual growth rate. These trends suggest that while the market is growing more moderately for apartments, both housing segments are on an upward curve.
With a population of 15,000 that has grown by 7.1%, Meteghan is experiencing demographic expansion that could further stimulate housing demand. The population growth can be attributed to factors such as the attractiveness of the area to new residents and natural population increase, which may have implications for future real estate dynamics.
Investment Opportunities and Potential in Meteghan
The current market conditions present various investment opportunities in Meteghan’s real estate sector. Given the consistent growth in property values, investors may find long-term capital appreciation potential particularly in residential properties. The 3.5% growth in median house prices and 2.1% for apartments year-over-year signals a robust investment potential for both rental properties and property flipping.
Additionally, the population increase reinforces the potential for rental investments as more people may seek housing options within the community. Investors looking to enter the market could consider diversifying their portfolios across single-family homes and apartments to cater to different segments of the market.
Future Market Outlook for Meteghan Real Estate
The outlook for Meteghan’s real estate market remains optimistic given current trends and demographic indicators. Continued population growth at a rate of 7.1% is likely to maintain or even increase demand for housing in the area. If economic conditions remain favorable and interest rates stable, the market could see sustained or improved growth rates.
Assuming no major economic disruptions, we can expect house prices to continue their gradual ascent following current trends. The modest yet steady increase in apartment prices also suggests a reliable investment opportunity with lower volatility compared to other markets.
In conclusion, based on available data and observed trends, Meteghan presents a healthy real estate environment with promising opportunities for both homebuyers and investors seeking steady market conditions with potential for future gains.
