Petitdegrat, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| 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
The real estate market in Petitdegrat, Nova Scotia, is currently experiencing a period of steady growth. The median house price stands at $495,000, which reflects a year-over-year increase of 3.2%. This suggests a healthy demand for single-family homes in the area. Similarly, the median apartment price has risen to $295,000, following an upward trend of 2.5% over the past year.
The population of Petitdegrat has reached approximately 15,200 residents, with a growth rate of 1.33%. This gradual increase in population indicates a consistent influx of new residents, potentially driven by employment opportunities or the appeal of the area’s lifestyle. These demographic shifts are likely contributing to the sustained demand for housing in Petitdegrat.
Investment Opportunities and Potential
Given the current upward trends in property values, Petitdegrat presents several attractive opportunities for real estate investors. The consistent growth in median house and apartment prices suggests that purchasing residential properties could yield substantial returns over time. Investors might also consider exploring rental properties as a means to capitalize on the area’s growing population and potential housing demand.
The stability of the housing market, paired with ongoing population growth, offers a promising environment for both short-term property flipping and long-term investment strategies. However, potential investors should conduct thorough market research to identify specific neighborhoods or property types that align with their investment goals and risk tolerance.
Future Market Outlook
The future outlook for Petitdegrat’s real estate market remains optimistic. If current trends continue, we can expect further incremental increases in property values. The steady population growth, which serves as a key driver for housing demand, is likely to persist given regional economic developments and quality of life factors unique to Nova Scotia.
Investors should monitor local economic indicators such as employment rates, infrastructure developments, and government policies that could impact the real estate market. Additionally, considering environmental sustainability and climate resilience will be important factors in ensuring long-term property value appreciation given increasing awareness of environmental issues.
