Sambro, 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 Sambro, Nova Scotia, is currently experiencing a period of moderate growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the housing sector shows steady appreciation. Similarly, the median apartment price stands at $300,000, with a more modest growth trend of 2.1% annually.
This growth can be partially attributed to Sambro’s expanding population, which has seen a significant upsurge of 7.1%. As demand for housing in this picturesque coastal community rises, inventory levels may struggle to keep pace, potentially leading to heightened competition among homebuyers and further upward pressure on prices.
Investment Opportunities and Potential
Investors considering the Sambro real estate market have several compelling reasons to do so. The consistent growth in property values suggests that investments made in the residential sector are likely to benefit from capital gains over time. The area’s population boom also points towards an enduring need for both rental and owner-occupied housing.
Given the limited yet growing supply, opportunities exist for development projects that could cater to various market segments, including single-family homes and multi-unit apartment buildings. Moreover, the current trends indicate potential for both short-term rental investments, capitalizing on Sambro’s seasonal tourism appeal, and long-term rental properties aimed at residents.
Future Market Outlook
The future real estate market outlook for Sambro remains positive. The combination of consistent property value increases and robust population growth sets the stage for a dynamic market with ongoing demand. Barring any unforeseen economic challenges or shifts in migration patterns, the local real estate scene is poised for continued growth.
Investors and potential homeowners should monitor interest rate trends and local development plans closely as these factors will play pivotal roles in shaping the trajectory of the market. Nonetheless, if current conditions hold steady or improve, Sambro’s real estate market should maintain its course as an attractive locale for both living and investing.
