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 currently experiencing stable growth. With the median house price sitting at $500,000 and showing a year-over-year increase of 3.5%, the market is reflecting healthy demand and modest appreciation. Similarly, the apartment segment has witnessed a growth of 2.1% year-over-year with median prices at $300,000. This progressive yet steady uptick in property values can be attributed to favorable economic conditions and a growing population, which has risen by 7.1%. The influx of new residents suggests that Shelburne is an attractive destination for both living and investment purposes.
Investment Opportunities and Potential
Investors considering the Shelburne real estate market can look forward to potential growth given the current trends. The continuous rise in population implies that there will be an ongoing demand for housing. The consistent growth in property values indicates that investments made in the current climate have a strong chance of appreciation over time. Moreover, with median prices for both houses and apartments being relatively affordable compared to larger metropolitan areas, there is considerable room for growth and return on investment. Additionally, as a coastal town with unique offerings such as heritage properties and access to natural attractions, Shelburne presents niche investment opportunities that can cater to specific markets including tourism and retirement living.
Future Market Outlook
The future outlook for the Shelburne real estate market appears positive. Given the solid foundation of population growth coupled with moderate yet steady price increases, the market is poised for sustained development. As long as economic conditions remain favorable and the town continues to attract new residents through its amenities and quality of life, we can expect the market to maintain its upward trajectory. However, investors should remain cognizant of national economic trends and local developments that could influence buyer sentiment and property values. Overall, if current patterns hold true, Shelburne’s real estate market could very well see continued prosperity in the coming years.
