Poulamon, 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 | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,000 |
| Population Change | 5.1% |
| 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 Poulamon, Nova Scotia, is currently experiencing steady growth. With a median house price of $495,000, the market has seen a year-over-year increase of 3.2%. This upward trend indicates a healthy demand for housing in the area. Similarly, the apartment sector has also shown positive momentum with a median apartment price of $295,000, up by 1.9% from the previous year. The population of Poulamon stands at 15,200 and has been growing at a rate of 5.14%, suggesting an expanding community that could sustain ongoing real estate demand.
Investment Opportunities and Potential
The real estate market in Poulamon presents attractive investment opportunities. Given the steady increase in property values, investors can expect a favorable return on investment over time. The relatively modest yet consistent growth in apartment prices may appeal to those looking to invest in rental properties, as there is potential for both capital appreciation and income generation through rents. The demographic trends indicate that the population expansion may continue to drive housing demand, making real estate investments particularly promising.
Future Market Outlook
Looking ahead, the future market outlook for Poulamon’s real estate is optimistic. Continued population growth will likely contribute to sustained demand for housing. If current trends persist, investors and homeowners can anticipate further growth in property values, albeit at a moderate pace. It is crucial for potential investors to monitor local economic factors and development plans that could influence the market dynamics. However, based on available data, the Poulamon real estate market appears poised for stable growth in the foreseeable future.
