Poulamon, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Poulamon, Nova Scotia is currently experiencing steady growth. With a median house price of $485,000 and a year-over-year increase of 4%, the market reflects healthy demand for single-family homes. The median apartment price stands at $290,000, with a slightly lower growth rate of 2.5% year-over-year. This suggests a more modest but stable interest in multi-family dwellings.
The area’s population has grown by 2.7%, indicating a positive demographic trend that could sustain demand for housing. As the population increases, it’s likely that the real estate market will continue to benefit from an influx of new residents seeking long-term housing solutions.
Investment Opportunities and Potential
Given the current trends, investment opportunities in Poulamon appear promising, particularly in the single-family home segment which shows a higher appreciation rate. For investors looking at long-term capital gains, purchasing residential properties could be advantageous due to the consistent market growth.
Moreover, the growing population suggests that there will be a continued need for rental properties. Investors might consider acquiring apartments to cater to those who prefer renting or cannot afford to enter the housing market as buyers just yet. With an appreciation rate of 2.5% for apartments, this segment also presents potential for steady asset growth over time.
Future Market Outlook
The future outlook for Poulamon’s real estate market remains optimistic. Assuming that current economic conditions persist and the population continues to grow at or above the current rate of 2.7%, housing demand should remain strong. This is likely to support ongoing property value appreciation and investment returns.
However, potential investors should monitor local economic developments and infrastructure projects that could impact property values. Factors such as employment rates, income levels, and access to amenities are critical considerations when assessing the longevity of current market trends.
In summary, Poulamon’s real estate market presents a promising opportunity for investors and homebuyers alike. With careful analysis and strategic investment decisions based on ongoing market data, stakeholders can potentially benefit from the area’s growing economy and demographic trends.
