Strathlorne, 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
1. Current Market Conditions and Trends
The real estate market in Strathlorne, Nova Scotia is currently experiencing a period of steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes in the area. Similarly, the median apartment price has reached $300,000, with a slightly lower year-over-year growth rate of 2.1%. These figures indicate consistent appreciation but at a sustainable pace.
The population of Strathlorne has grown to 15,000 residents, with an impressive growth rate of 7.1%. This influx of new residents can be attributed to the town’s attractive living conditions and economic opportunities which have likely contributed to the increasing housing demand.
2. Investment Opportunities and Potential
Investment opportunities in Strathlorne appear promising given the current market dynamics. With ongoing population growth and consistent property value appreciation, investors may find long-term capital gains prospects in both the housing and apartment sectors.
The stable increment in property prices suggests that investments made today could yield positive returns as the market continues to strengthen. Moreover, rental properties could benefit from the growing population as individuals and families seek accommodation in the town, potentially leading to favorable rental yields for investors.
3. Future Market Outlook
The future outlook for Strathlorne’s real estate market remains optimistic. The sustained population growth indicates an enduring demand for housing which could maintain upward pressure on property values. Assuming that current economic conditions persist, the market is likely to continue its trend of moderate but steady growth.
Considering the current trends, potential infrastructure developments, and economic plans for the region, Strathlorne could witness further enhancement in its attractiveness as a place to live and invest. Stakeholders should monitor local developments closely as these variables will play crucial roles in shaping the future trajectory of the real estate market.
