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
In Sunnybrook, Nova Scotia, the real estate market is currently experiencing steady growth. As of the latest data, the median house price stands at $500,000, with a positive trend of 3.5% year-over-year. This indicates a healthy demand for single-family homes in the area. Similarly, apartments have seen a rise in value, with the median apartment price at $300,000 and an annual appreciation rate of 2.1%. These trends are supported by a robust population growth of 7.1%, suggesting that Sunnybrook’s real estate market is benefiting from an influx of new residents to the region.
Investment Opportunities and Potential
The current trends in Sunnybrook suggest several promising investment opportunities. The increasing median house and apartment prices reflect a growing market that could benefit investors looking to acquire properties for long-term appreciation. Furthermore, the strong population growth can lead to greater rental demand, potentially offering attractive returns for buy-to-let investors. With demographic expansion and consistent property value increases, both residential and commercial investments seem poised for potential gains.
Future Market Outlook
Looking ahead, Sunnybrook’s real estate market outlook appears optimistic. The sustained population increase is likely to continue driving demand for housing in both the purchase and rental sectors. Assuming no significant economic disruptions occur, the current trends of gradual property value appreciation are expected to persist. Investors and homebuyers may find continued confidence in entering this market with expectations for stable growth. Nevertheless, it is important to remain vigilant about factors such as interest rate changes and broader economic conditions that could influence future market dynamics.
