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 experiencing steady growth. The median house price is valued at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy upward trend in property values, suggesting that the housing market remains robust. On the other hand, apartments are slightly more affordable with a median price of $300,000, and a more modest year-over-year growth of 2.1%. This difference in growth rate may reflect a greater demand for single-family homes in Pleasantville.
The population of Pleasantville stands at 15,000 residents, which has grown by 7.1%. This significant population growth can be seen as both a contributor to the demand for housing and indicative of the town’s increasing attractiveness as a place to live.
Investment Opportunities and Potential
Given the positive trends in property value appreciation, Pleasantville presents appealing investment opportunities for both residential properties and rental units. The steady increase in median house prices may attract investors looking for long-term capital gains through property ownership. As the market for apartments is growing at a slower pace compared to houses, investors might find opportunities in purchasing apartment units that could yield high rental demand, especially considering the population growth.
The rising population also implies potential for development projects catering to new residents’ needs—such as multi-family housing complexes, community amenities, and retail spaces—providing various investment avenues within the real estate sector.
Future Market Outlook
The future outlook for Pleasantville’s real estate market appears optimistic. The consistent rise in home values coupled with strong population growth suggests that demand will remain high. If these trends continue, we can expect further increases in property values and rental rates.
However, potential investors and current homeowners should remain vigilant about broader economic factors that could impact interest rates and employment levels within the region—two critical determinants of real estate market health. Monitoring these external factors will be crucial for accurately predicting future market performance.
In conclusion, Pleasantville offers a dynamic real estate market with potential for both homebuyers seeking stable investments and investors looking for opportunities aligned with the town’s growth trajectory.
