Roxbury, 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 | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Roxbury, Nova Scotia is currently experiencing steady growth. With a median house price of $495,000, there has been a moderate year-over-year increase of 3.2%. This suggests that the market is stable and growing at a healthy pace. The median apartment price stands at $295,000, with a slightly lower annual appreciation rate of 2%. This difference in growth rates between houses and apartments could indicate a stronger demand for single-family homes.
With Roxbury’s population at 15,500 and a notable increase of 3.3%, the demographic trends are supportive of real estate demand. The population growth not only reflects the area’s attractiveness but also puts forward the possibility of continued demand for housing.
Investment Opportunities and Potential
Given the steady rise in property values, Roxbury presents itself as an appealing option for real estate investors. The consistent growth pattern suggests that investments made in the current market are likely to appreciate over time. Single-family homes seem to be particularly promising given their higher appreciation rate compared to apartments.
Investors should also consider the ongoing population growth as it increases the potential for rental properties. With more people moving into the area, there is likely to be a sustained or increased demand for rental units, which could offer investors steady rental income streams alongside capital appreciation.
Future Market Outlook
The future market outlook for Roxbury, Nova Scotia appears positive. The combination of healthy property price trends and robust population growth signals a strong market potential moving forward. Assuming no significant economic disruptions occur, these trends are likely to hold, making Roxbury an attractive location for both homebuyers and investors.
Investors should monitor factors such as employment rates, local economic policies, and infrastructure developments as these can impact the market significantly. However, based on current data, Roxbury’s real estate market is poised for ongoing growth.
