Pleasantville, 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 Pleasantville, Nova Scotia, is currently characterized by stable growth. The median house price stands at $500,000, with a steady year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, possibly driven by the region’s attractiveness to families and professionals. Similarly, the median apartment price has risen to $300,000, with a slightly lower but consistent growth rate of 2.1% year-over-year. This growth in the apartment sector suggests a parallel interest in more affordable and smaller-scale housing options, which is typical for both first-time homebuyers and downsizers.
The population of Pleasantville has reached approximately 15,000 residents, with an impressive growth rate of 7.1%, which may be contributing to the increasing housing demand. The influx of new residents can be attributed to various factors such as employment opportunities, lifestyle amenities, and the town’s overall livability.
Investment Opportunities and Potential
Given the market’s current trajectory, investment opportunities in Pleasantville appear promising. The persistent increase in property values is indicative of a strong and resilient market. Investors should consider both residential properties for long-term equity growth and rental properties given the expanding population base. The positive trend in apartment prices points to a potential for high-demand rental units, particularly if they cater to young professionals or small families.
The ongoing population growth further strengthens the case for investment; as more people move into the area, the demand for housing will continue to rise. Investors who purchase now are likely to benefit from continued appreciation in property values and potential rental income.
Future Market Outlook
The future market outlook for Pleasantville remains optimistic based on current trends and data. With sustained population growth and consistent increases in property values, it is reasonable to expect that these trends will continue into the foreseeable future. Moreover, if the local economy stays robust and continues to attract new residents seeking employment or an enhanced quality of life, the real estate market should maintain its upward momentum.
However, investors should remain cognizant of broader economic factors that could impact interest rates and lending conditions, potentially affecting buyer affordability and investment returns. Keeping abreast of regional development plans and infrastructure projects is also crucial as these can have significant implications on future property values in Pleasantville.
