Stewiacke, 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 Stewiacke, Nova Scotia has been experiencing steady growth. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes. Similarly, the median apartment price is $300,000, with a slightly lower growth rate of 2.1% year-over-year, reflecting consistent but more modest demand in the multi-family property segment.
Stewiacke’s population has recently reached approximately 15,000 residents, with a notable population growth of 7.1%. This demographic expansion drives demand for housing and supports the observed price increases. The local economy’s performance, coupled with population growth, has led to stable market conditions that are likely to continue supporting real estate values in the area.
Investment Opportunities and Potential
In light of the current market trends, Stewiacke presents various investment opportunities for both residential and rental properties. The consistent appreciation in house prices offers potential for capital gains for those investing in residential real estate. Given the town’s robust population growth rate, there is an ongoing need for additional housing, which could incentivize development projects.
The investment potential for apartments also remains strong due to their more affordable pricing and growing interest among smaller households and young professionals. With an increasing trend towards renting rather than owning among certain demographics, rental properties may offer sustained income streams for investors.
Furthermore, the relatively steady increment in property values suggests that real estate investments in Stewiacke are less speculative and more grounded in genuine demand, minimizing the risk of sudden market corrections.
Future Market Outlook
The future outlook of Stewiacke’s real estate market appears positive. Continued population growth will likely persist as a key driver for housing demand. Assuming that economic conditions remain favourable and infrastructure developments keep pace with population expansion, it’s reasonable to expect ongoing stability in property prices with steady growth.
The year-over-year price trends suggest that both houses and apartments will maintain their upward trajectory, albeit at a sustainable rate that should not overinflate property values or lead to affordability issues. As long as these trends hold, Stewiacke will remain an attractive market for both homebuyers and investors seeking long-term value appreciation.
In summary, Stewiacke’s real estate market presents a promising landscape characterized by steady growth and sustained demand propelled by demographic trends. Careful attention to regional economic factors and proactive planning could further enhance its investment appeal over the coming years.
