Sunnybrook, 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 current real estate market in Sunnybrook, Nova Scotia, presents a stable and growing environment. With a median house price of $500,000, the market has exhibited a steady increase with a 3.5% year-over-year growth. This increment indicates a healthy demand for houses in the area. The median apartment price is currently at $300,000, showing a slightly lower but still positive trend with a 2.1% year-over-year growth rate. This growth is consistent with the overall development of the region.
Sunnybrook’s population stands at 15,000 and has seen an impressive 7.1% growth. This demographic expansion is indicative of an increased demand for housing and suggests that the real estate market will likely continue to be vibrant in the foreseeable future.
Investment Opportunities and Potential
The real estate market in Sunnybrook offers several attractive investment opportunities. Given the steady increase in property values, investors may find long-term capital appreciation potential here. The single-family home segment, with its 3.5% growth rate, could provide robust investment returns as demand seems to be outstripping supply.
Moreover, the apartment sector also holds potential for investors looking for rental income properties or more affordable entry points into real estate investment. Considering the population growth and ongoing urbanization trends in Sunnybrook, rental properties may benefit from higher occupancy rates and potentially increasing rental yields over time.
Future Market Outlook
The future outlook for Sunnybrook’s real estate market remains optimistic. The consistent population growth coupled with healthy property price trends suggests that both demand and prices are likely to maintain an upward trajectory. As the local economy diversifies and infrastructure improves, we can anticipate sustained interest from both homebuyers and investors.
Furthermore, as long as economic conditions remain favorable and interest rates stable, the residential market should continue to thrive. Long-term investors are particularly well-positioned to capitalize on these trends given current market data.
