Newburne, 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
1. Current Market Conditions and Trends
The real estate market in Newburne, Nova Scotia is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This growth rate signals a healthy demand for housing in the area and suggests that the local real estate market is on an upward trend. Meanwhile, the median apartment price is set at $300,000, with a slightly lower year-over-year growth rate of 2.1%. This differential in growth rates may indicate that single-family homes are in higher demand compared to apartments, or it could suggest that the apartment market is more stable but with slower growth.
2. Investment Opportunities and Potential
The population of Newburne has grown by 7.1%, indicating a robust community expansion which can drive further demand for housing. With the population now at 15,000 residents, the increased need for accommodation can present opportunities for both residential property investors and commercial real estate development.
In particular, the consistent rise in house prices implies that investing in residential properties could yield solid returns through both capital appreciation and rental income. Furthermore, as the town continues to grow, there may be possibilities for new developments or renovations that cater to the rising demand. Investors might also explore the apartment sector where slower price increases suggest a potential for competitive pricing and long-term investment stability.
3. Future Market Outlook
Looking ahead, the future market outlook for Newburne’s real estate appears positive. The sustained population growth coupled with a steady increase in property values suggests that the market has underlying strength and resilience. Assuming similar economic conditions prevail, we can anticipate ongoing demand for housing which would support continued growth in property values.
However, investors should remain informed about any changes in local economic drivers or policy adjustments which could influence market dynamics. Monitoring interest rate movements, employment trends within Newburne and surrounding areas, and any shifts in migration patterns will be critical for assessing future risks and opportunities.
