Shubenacadie, 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 Shubenacadie, Nova Scotia, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market shows healthy upward traction. The median apartment price stands at $300,000, with a slightly lower but still positive year-over-year trend of 2.1%. This suggests a balanced expansion across different housing types.
The population of Shubenacadie is approximately 15,000 residents and has seen a significant growth rate of 7.1%. This demographic expansion is likely contributing to the demand for housing and underpinning the ongoing rise in property values.
Investment Opportunities and Potential
Given the current growth trajectory, Shubenacadie presents several attractive opportunities for real estate investors. The consistent increase in property values indicates that investments made now could yield considerable returns as market conditions improve further. The robust population growth further bolsters the potential for rental properties to meet the increasing demand for housing.
New developments and infrastructure projects may also present additional investment avenues. Investors should keep an eye on local planning decisions, which could signal upcoming opportunities in both residential and commercial sectors.
Future Market Outlook
The future real estate market outlook for Shubenacadie remains optimistic. The combination of steady house and apartment price trends, alongside substantial population growth, suggests that the demand for housing will continue to rise. Assuming no major economic disruptions occur, this trend is likely to persist, making Shubenacadie’s real estate market a promising area for both short-term gains and long-term investment stability.
In conclusion, while careful monitoring of economic indicators and regional developments is always advised, current data signals a strong market with diverse opportunities for investors looking to capitalize on Shubenacadie’s growth.
