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 in Queens, Nova Scotia
The real estate market in Queens, Nova Scotia is experiencing a period of steady growth, characterized by moderate increases in property values. The median house price currently stands at $500,000, reflecting a 3.5% increase year-over-year. This suggests a healthy demand for single-family homes within the region. In comparison, the median apartment price is $300,000, with a slightly lower growth rate of 2.1% year-over-year. While apartments are appreciating at a slower pace than houses, they still present a viable option for first-time homebuyers or individuals seeking lower maintenance living arrangements.
The population of Queens has grown to 15,000 residents, an impressive increase of 7.1%. This surge indicates a robust local economy and an influx of new residents, which may be driving the demand for housing and contributing to the upward trend in property values. The growth also suggests that the market is dynamic and that there is ongoing interest in both residential and commercial real estate.
Investment Opportunities and Potential in Queens
Investors looking at Queens will find opportunities primarily in the residential sector due to the steady growth in property values. The consistent appreciation of house prices at 3.5% indicates that investments in single-family homes are likely to yield positive returns. Additionally, with apartments appreciating at 2.1%, there is potential for investment in multi-unit residential buildings that cater to smaller households or rental markets.
The population growth of 7.1% is particularly encouraging for investors as it may lead to sustained demand for rental properties. Investors could also explore developments that accommodate this demographic shift, including new housing developments or renovations of existing properties to enhance their value and appeal in the market.
Future Market Outlook for Queens
The future market outlook for Queens, Nova Scotia appears positive based on current trends and statistics. With a steady increase in median house and apartment prices and significant population growth, it’s reasonable to expect ongoing demand for housing will continue to support market stability and growth.
As the local economy adapts to the increased population size, investors should monitor infrastructure developments and employment opportunities which could further influence real estate dynamics. It’s also advisable to keep an eye on national economic indicators and regional policy changes that might impact interest rates or housing supply.
In summary, Queens offers a promising environment for real estate investment with its balanced growth pattern and expanding community. Both short-term gains through property flipping and long-term holds appear to be viable strategies under current market conditions.
