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 in Sambro, Nova Scotia
In the picturesque community of Sambro, Nova Scotia, the current real estate market is reflecting a stable growth pattern. With a median house price sitting at $500,000, the market has experienced a steady increase of 3.5% year-over-year. This trend indicates a healthy demand for housing and a robust real estate climate in this Atlantic Canadian region.
Apartments in Sambro are also seeing an upward trajectory with the median price tagged at $300,000 and witnessing a 2.1% year-over-year trend. The consistent growth in apartment prices suggests that smaller residential units are becoming an attractive option for individuals and investors alike.
The local population has grown to 15,000 residents, showcasing a significant growth rate of 7.1%. This influx can be attributed to the area’s appeal due to its natural beauty, maritime culture, and proximity to Halifax’s urban amenities. This demographic expansion underpins the increased housing demand and contributes positively to the real estate market dynamics.
Investment Opportunities and Potential in Sambro
Given the positive trends in both house and apartment prices, Sambro presents several promising investment opportunities for both residential purchasers and real estate investors. The continuous population growth coupled with growing property values indicate that investment in Sambro’s real estate could yield substantial returns over time.
Houses as investment properties may offer long-term capital gains given the steady appreciation trend of 3.5% annually. Similarly, apartments could be an excellent entry point for new investors or those looking for lower-maintenance properties while still benefiting from the ongoing appreciation evidenced by the 2.1% increase per annum.
As more people migrate to Sambro or seek vacation homes in scenic locales, rental properties could also be a lucrative opportunity. Investors have the potential to capitalize on both rental income and property value appreciation given the current market conditions.
Future Market Outlook for Sambro Real Estate
The future outlook for Sambro’s real estate market appears optimistic based on current data trends and regional growth patterns. As long as population growth continues at its current pace or accelerates further due to migration trends or local economic development, demand for housing is expected to remain strong.
The sustained growth in property values suggests that confidence among buyers and investors is robust, which bodes well for future market stability. While no market is without risk, key indicators such as moderate yet consistent price increases and significant population growth present a positive forecast for Sambro’s real estate market moving forward.
Investors should keep an eye on regional economic policies, infrastructure developments, and national housing strategies as these factors could influence future market conditions. Additionally, monitoring interest rates and their impact on mortgage affordability will be crucial in assessing long-term market health.
