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 Stewiacke real estate market currently shows a steady growth trend with the median house price at $500,000, reflecting a year-over-year increase of 3.5%. This increment is indicative of a healthy demand for housing in the region. Similarly, the apartment sector is experiencing growth with the median price standing at $300,000, which has risen by 2.1% from the previous year.
The consistent growth in property values is supported by the town’s rising population, which has seen a significant increase of 7.1%. This demographic trend suggests a continued demand for housing and could be indicative of an influx of new residents or an increase in household formation within the existing population.
Investment Opportunities and Potential
Investors looking for opportunities in Stewiacke may find potential in both residential and rental properties. The steady increase in median house and apartment prices points to sustained property value appreciation, offering potential for long-term capital gains. Additionally, with a growing population, there is likely to be an ongoing demand for rental accommodation, suggesting that investment in apartments could yield stable rental income streams.
The current market conditions also suggest room for development projects to cater to the increasing housing needs. With more people moving into the area, there’s potential for new residential developments, renovations of existing properties, and conversions of properties to address different market segments such as luxury or affordable housing.
Future Market Outlook
The real estate market in Stewiacke appears promising given the current trends and underlying demographic factors. If the population continues to grow at its current rate of 7.1%, demand for housing is expected to remain strong. Assuming economic conditions remain favorable and interest rates are conducive to mortgage borrowing, this could further stimulate market activity.
The moderate yet consistent rise in property values suggests that Stewiacke may not be subject to volatile market swings, making it an attractive option for investors seeking stable markets with growth potential. However, as with any real estate investment, it’s crucial to monitor economic indicators, infrastructure developments in the region, and changes in local policies that could affect future market dynamics.
