Seaforth, 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
As of the most recent data, Seaforth, Nova Scotia presents a steadily growing real estate market. The median house price in Seaforth is currently valued at $500,000, with a year-over-year increase of 3.5%. This reflects a healthy growth trend that aligns with both national and provincial real estate market trends. In contrast, the median apartment price stands at $300,000, experiencing a slightly more modest growth of 2.1% year-over-year.
The population in Seaforth has witnessed significant growth with an increase of 7.1%, indicating a burgeoning community that is likely contributing to the demand for housing and the consequent rise in property values. This demographic shift suggests an influx of new residents who could be attracted by employment opportunities, lifestyle changes, or Seaforth’s natural beauty.
Investment Opportunities and Potential
Investment opportunities within Seaforth appear promising due to the steady appreciation of property values. Given the current trends, purchasing residential properties could offer investors capital gains in the long term. Houses show a stronger appreciation rate compared to apartments which may indicate a higher demand for standalone housing units or a preference for more spacious living accommodations in this region.
Investors should also consider the potential for rental properties as an income-generating asset. With population growth outpacing housing supply, there could be an opportunity to meet rental demand. The increasing population supports the potential need for both short-term rentals marketed toward tourists and long-term residential leases.
Future Market Outlook
The future outlook for Seaforth’s real estate market appears optimistic based on current trends and statistics. Continued population growth will likely maintain or even increase the demand for housing in the area. If economic conditions remain favorable and infrastructural developments accompany population growth, it can further enhance real estate values.
However, investors should also monitor local economic drivers and stay informed about regional development plans that may impact property values. Factors such as changes in interest rates, employment rates in key sectors, and government policies can significantly influence market dynamics.
Overall, given current data points and assuming stable economic conditions persist, Seaforth’s real estate market could be regarded as a robust environment for both short-term investments centered around flipping properties and long-term investments focusing on capital appreciation and rental income.
