Queens, 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 Queens, Nova Scotia has been experiencing healthy growth with a median house price sitting at $500,000, which marks a year-over-year increase of 3.5%. This upward trend indicates a robust demand for housing in the area. The median apartment price is currently at $300,000, which has also seen a growth of 2.1% over the past year.
The population of Queens is relatively small but growing swiftly with a recorded increase of 7.1%, suggesting a burgeoning community that could further stimulate housing demand. Given the steady price appreciation and population growth, the market conditions are favorable for homeowners looking to maintain or increase the value of their investments.
Investment Opportunities and Potential
The investment opportunities within Queens are ripe considering the consistent appreciation in property values. Single-family homes are especially promising due to the higher percentage increase in median house prices compared to apartments. Investors might find it advantageous to focus on acquiring residential properties now while the market trends continue to point towards positive growth.
Apartments offer a more accessible entry point into the real estate market for both investors and first-time homebuyers with their lower median price point, and though they have a slower growth rate compared to houses, they still present a solid investment opportunity considering the overall population growth and increasing demand for diverse housing options.
Future Market Outlook
Looking ahead, Queens’ real estate market appears poised for continued expansion. The notable population growth could lead to increased demand for housing, potentially pushing both house and apartment prices upward. If current trends persist, we can expect ongoing appreciation in property values which is excellent news for current and prospective property owners.
In terms of long-term investment potential, factors such as local economic development initiatives, infrastructure improvements, and community services will play critical roles in shaping the future attractiveness of Queens as a place to live and invest in. Prospective investors should keep an eye on these developments as indicators of sustained market health.
