Queensland, 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $460,000 |
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 Queensland, Nova Scotia, is currently characterized by moderate growth. The median house price stands at $500,000, which represents a year-over-year increase of 3.5%. This steady rise indicates a healthy demand for single-family homes in the area. Meanwhile, apartments are experiencing a slightly lower growth rate with the median price at $300,000 and an annual appreciation of 2.1%.
The population in Queensland has seen a robust growth of 7.1%, suggesting an influx of residents and potential increase in housing demand. This demographic trend can be linked to the desirability of the locale, possibly due to employment opportunities, lifestyle amenities or other socio-economic factors that make Queensland an attractive place to live.
Investment Opportunities and Potential
The steady appreciation in property values coupled with significant population growth implies that Queensland presents promising investment opportunities. For investors looking at long-term capital gains, purchasing single-family homes may be particularly advantageous given the higher appreciation rate compared to apartments.
The increasing population also suggests a potential for rental investments to yield positive returns as newcomers to the area may initially seek rental accommodations. With the current trends, both residential and commercial properties appear ripe for investment considerations.
Future Market Outlook
Moving forward, the market outlook for Queensland remains optimistic. If current trends continue—with sustained population growth and consistent property value appreciation—investors and homeowners alike can expect continued stability and growth in the real estate market.
However, it’s important for stakeholders to remain cognizant of broader economic conditions and local developments that could influence these projections. Factors such as interest rates, employment rates, and infrastructure projects should be monitored closely as they can have significant impacts on real estate dynamics.
In summary, while current indicators are favorable for both buyers and sellers in Queensland’s real estate market, continuous analysis of market conditions is essential for making informed decisions about future investments.
