Roxbury, 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 Roxbury, Nova Scotia
The real estate market in Roxbury, Nova Scotia is currently experiencing a steady growth pattern. With a median house price sitting at $500,000, which has seen an increase of 3.5% year-over-year, the market is indicating a healthy appreciation in property values. Similarly, the median apartment price at $300,000 reflects a slightly more modest but stable growth with a 2.1% year-over-year increase.
This growth can be attributed to Roxbury’s increasing popularity among homebuyers and investors, along with its overall economic stability. The town’s population has risen to 15,000, marking a significant population growth rate of 7.1%. This influx of residents typically stimulates demand for housing, placing upward pressure on property prices and reducing market inventory.
Investment Opportunities and Potential in Roxbury
Roxbury presents several lucrative investment opportunities. Given the consistent rise in property values and the robust population growth, investors can expect continued demand for both rental and owner-occupied properties. The current trends suggest that investing in residential real estate could yield positive returns through both capital appreciation and rental income.
The diversity in price points between houses and apartments provides options for various investment strategies. While houses offer the potential for higher capital gains due to their greater appreciation rate, apartments may appeal to investors looking for more affordable entry points into the market or those aiming to cater to individuals or small families who prefer apartment living.
Future Market Outlook for Roxbury Real Estate
The future outlook for Roxbury’s real estate market remains optimistic. The sustained population growth is likely to continue driving demand for housing. If this trend persists alongside economic stability and community development initiatives, the market could see ongoing appreciation in property values.
The current year-over-year increase in house and apartment prices indicates that Roxbury is not experiencing the rapid price acceleration seen in some overheated markets; instead, it shows signs of steady, sustainable growth. This balanced growth trajectory offers reassurance to potential investors about the long-term health of the local real estate market.
In conclusion, with careful consideration of location-specific factors and economic indicators, investors may find Roxbury to be a compelling option for expanding their real estate portfolio while benefiting from its positive market dynamics.
