Seaforth, 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 | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Seaforth, Nova Scotia, is currently experiencing a period of moderate growth. With a median house price of $495,000 and an upward trend of 3.2% year-over-year, the market is attracting both local and external buyers. The median apartment price stands at $310,000, which has also seen a positive growth trend of 2.5% year-over-year. These trends are indicative of a healthy and steadily appreciating market.
Driven by a population growth rate of 2.7%, Seaforth’s housing demand is on the rise. This demographic expansion suggests a growing local economy and an increasing need for housing, both factors that contribute to the current market momentum.
Investment Opportunities and Potential
Investors looking at Seaforth’s real estate market will find potential in both the residential housing and apartment sectors. The steady appreciation in property values indicates that investments might yield solid returns over time. The current price trends combined with population growth position Seaforth as an attractive market for rental properties as well.
As more people move to the area, demand for rental units could increase. Investors could capitalize on this trend by acquiring properties to cater to this segment. Furthermore, Seaforth’s growing population may also signal opportunities in developing new residential projects to meet the future housing needs of the community.
Future Market Outlook
The outlook for Seaforth’s real estate market appears positive. Continued population growth could sustain demand for housing and encourage further development in the region. If current trends persist, the property value increases are likely to continue, although it is important for investors to consider economic variables such as interest rates and employment levels that might affect the market dynamics.
The key to capitalizing on Seaforth’s real estate market will be to monitor these trends closely while also assessing broader provincial and national economic indicators that can influence local market conditions.
