Seafoam, 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
1. Current Market Conditions and Trends
The real estate market in Seafoam, Nova Scotia, reflects a steady growth pattern as evidenced by the year-over-year increases in property values. The median house price stands at $500,000, marking a growth of 3.5% over the past year. Similarly, the median apartment price has reached $300,000 with a more modest upward trend of 2.1% year-over-year.
This growth can be partly attributed to Seafoam’s population increase of 7.1%, suggesting a rising demand for housing in the area. Despite these increases, the market remains accessible compared to larger metropolitan areas, maintaining its appeal among various buyer demographics.
2. Investment Opportunities and Potential
The positive trends in Seafoam’s real estate market present potential opportunities for investors. The consistent rise in property values indicates healthy capital appreciation prospects for both residential houses and apartments. Moreover, the notable population growth suggests that rental properties may also offer strong investment returns due to increased housing demand.
Investors should note that the current escalation in property prices may continue to provide favorable conditions for both short-term gains through property flipping and long-term investment strategies focusing on rental income and value appreciation.
3. Future Market Outlook
Looking ahead, the future market outlook for Seafoam remains optimistic. Given the robust population growth rate and sustained increase in property values, it is reasonable to anticipate continued demand for housing, which should support further price stability or potential increases.
In addition to demographic drivers, broader economic factors such as interest rates, employment rates, and regional development projects will play a role in shaping Seafoam’s real estate landscape. Prospective buyers and investors are encouraged to stay informed about these variables to make strategic decisions in this vibrant market.
