Shubenacadie, 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 | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $410,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,050 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.8% |
| Total Private Dwellings | 6,100 |
| 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 Shubenacadie, Nova Scotia currently exhibits stable growth. With a median house price sitting at $495,000 and showing a steady year-over-year increase of 3.2%, the market is experiencing consistent appreciation. The market for apartments is also demonstrating growth, although at a slightly more modest rate. The median apartment price is reported at $295,000, with an annual price trend of 1.9%. This indicates a balanced expansion across different housing types in the area.
The population of Shubenacadie has grown to 15,050, an increase of 3.8%, suggesting a burgeoning community that may further stimulate housing demand. This demographic expansion is a critical factor contributing to the steady rise in property values.
Investment Opportunities and Potential
In terms of investment potential, Shubenacadie presents several opportunities for both residential and rental markets. The consistent rise in median house and apartment prices reflects a growing demand that suggests long-term investment in the area could yield substantial returns. With the population growth outpacing many other regions, there is potential for both capital gains on property sales and stable rental income streams.
Investors looking for immediate cash flow might consider the apartment market due to its lower entry price point, while those with a longer-term outlook might find the detached housing market more attractive due to its higher year-over-year appreciation rate.
Future Market Outlook
The future real estate market outlook for Shubenacadie remains optimistic. Population growth is likely to continue, based on recent trends, which will drive demand for housing in both purchase and rental segments. Assuming economic conditions remain favorable and without significant policy changes affecting the housing market, we can expect property values to maintain their upward trajectory.
However, investors should be mindful of external economic factors that could impact interest rates and affordability—factors that are particularly relevant given the current global financial climate. A careful analysis of interest rates trends and employment statistics will be important for anyone considering entering the Shubenacadie real estate market.
In summary, Shubenacadie’s real estate market appears robust with solid fundamentals supporting continued growth. Investors who are strategic about their entry into the market could find rewarding opportunities in this vibrant Nova Scotian community.
