Strathlorne, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $305,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 Strathlorne, Nova Scotia is currently experiencing steady growth. With a median house price of $495,000 and a year-over-year increase of 4%, the market demonstrates healthy appreciation. Similarly, the median apartment price stands at $305,000 with a growth trend of 2.5% over the past year.
These figures suggest a stable environment for real estate assets, with single-family homes showing slightly stronger growth compared to apartments. The population of Strathlorne has also seen an impressive rise, growing by 4.8% which may be contributing to the increasing demand for housing in the area.
Investment Opportunities and Potential
The current trends indicate that Strathlorne offers promising opportunities for real estate investment. The consistent growth in property values coupled with the expanding population provides fertile ground for both residential and rental market investments.
Single-family homes present an attractive option given their higher appreciation rate, which is likely to appeal to long-term investors seeking capital gains. Apartments also offer potential as an investment, especially for those looking to cater to individuals or smaller families who might be priced out of the competitive standalone home market or prefer the convenience of apartment living.
Future Market Outlook
Looking forward, the Strathlorne real estate market appears poised for continued growth. The consistent upward trend in property prices and robust population increase suggest ongoing demand for housing. Provided the local economy remains stable and supportive infrastructure develops alongside population growth, these factors could further bolster market strength.
Investors should remain mindful of national economic indicators and regional developments that may impact local real estate conditions. However, based on current data, Strathlorne’s market shows potential for sustained growth which could bode well for both short-term gains through flips and renovations, as well as long-term investment strategies focused on rental income and equity accumulation.
