Shelburne, 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 Shelburne, Nova Scotia is experiencing a steady growth trajectory. With a median house price currently at $500,000, the market has witnessed a year-over-year increase of 3.5%. This uptick in home values reflects a healthy demand for single-family homes in the area. Additionally, the median apartment price stands at $300,000, with a more modest year-over-year growth of 2.1%. This could indicate a growing interest in more affordable and lower-maintenance living spaces among certain demographics.
The population of Shelburne is approximately 15,000 residents and has seen a significant population growth rate of 7.1%. This influx is likely contributing to the increased housing demand and subsequent rise in property values.
Investment Opportunities and Potential
The combination of rising property values and steady population growth presents an attractive proposition for real estate investors. The consistent growth in median house prices suggests that investments in residential properties could yield appreciable capital gains over the medium to long term.
For those seeking rental income, the burgeoning apartment market offers potential as well. Given the current upward trend in apartment prices and the growing population which may include renters, there is an opportunity to acquire assets that could provide sustained income and possible appreciation.
Future Market Outlook
The future outlook for Shelburne’s real estate market appears promising. Given the solid population growth rate and escalating property values, we can reasonably project continued demand for housing. If these trends persist, investors can expect ongoing increases in both property valuations and rental demand.
However, it is crucial to monitor economic factors such as employment rates, local industry performance, and interest rates as they will play significant roles in shaping the future landscape of Shelburne’s real estate market.
