Tantallon, 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 real estate market in Tantallon, Nova Scotia, is currently experiencing a period of steady growth. With a median house price of $500,000 and an increasing trend of 3.5% year-over-year, the market shows a healthy uptick in value. Similarly, the median apartment price stands at $300,000 with a more modest annual appreciation of 2.1%. This growth can be attributed to several factors including the area’s appealing natural surroundings, proximity to Halifax, and overall quality of life.
The population of Tantallon is on the rise with a significant growth rate of 7.1%, indicating an influx of new residents and potential for increased housing demand. This demographic expansion can be seen as both a driving force behind the current market conditions and a signal for continued market vitality.
Investment Opportunities and Potential
Tantallon’s real estate market presents various investment opportunities. The current upward trend in property values suggests that purchasing residential properties could yield solid returns in both the short and long term. Investors might find particular interest in single-family homes due to their higher year-over-year price increase compared to apartments.
The region’s population growth further bolsters the case for investment, as it may lead to higher demand for rentals. This makes Tantallon an attractive location for investors looking to enter the rental market or expand their existing portfolio. The consistent increase in property values also implies potential for capital gains on resales in the future.
Given the current trajectory, areas within Tantallon that are still developing or are slated for infrastructural improvements could represent hotspots for investment before prices potentially escalate further.
Future Market Outlook
The outlook for Tantallon’s real estate market remains positive. The steady increases in house and apartment prices reflect a sustainable growth pattern rather than an overheated boom prone to correction. The ongoing population increase is likely to continue fueling demand for housing in both the purchase and rental markets.
With no immediate signs of economic downturns or adverse policy changes affecting homeownership, investors and homeowners alike can be cautiously optimistic about the future value of their properties in Tantallon. Continued monitoring of migration trends, economic factors, and real estate supply will be essential for accurate future projections.
In conclusion, Tantallon represents a stable and growing market with promising opportunities for both residential property buyers and real estate investors. As always, individual circumstances and risk tolerance should guide any investment decision.
