Tantallon, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.4% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of now, the real estate market in Tantallon, Nova Scotia, is showing signs of steady growth. The current median house price in the area stands at $495,000, which represents a year-over-year increase of 3.2%. This increment is indicative of a healthy demand for single-family homes in the region. Similarly, the median apartment price is set at $295,000, with an annual increase rate of 2.4%. These figures suggest that both housing segments are experiencing a positive price trend, albeit at a modest pace.
The population of Tantallon has reached approximately 15,200 residents with a growth rate of 1.3%. This steady increase in population is likely contributing to the consistent demand for housing and suggests that the market is maintaining an upward trajectory in terms of both property values and appeal to new residents.
Investment Opportunities and Potential
The data indicates promising investment opportunities within Tantallon’s real estate market. Investors considering entry into this market can be encouraged by the continuous appreciation in property values. The steady climb in median house prices signifies that investments made in residential properties are likely to benefit from capital gains over time.
In addition to capital appreciation, potential investors should consider the rental market prospects due to the growing population. Rental properties may yield substantial returns as more individuals and families move into the area. With its increasing desirability and limited supply, Tantallon could present lucrative opportunities for those looking to develop new housing units or renovate existing ones for resale or rental purposes.
Future Market Outlook
The future outlook for Tantallon’s real estate market appears optimistic. Provided that current trends continue, we can anticipate further growth in property values. The ongoing population expansion suggests a sustained or increasing demand for housing which should support continued appreciation in real estate prices.
However, it is essential to keep an eye on external factors such as economic conditions, interest rates, and local developments which could influence market dynamics. As long as these factors remain favorable, Tantallon is poised to remain an attractive market for both homeowners and investors seeking stability and growth potential in their real estate endeavors.
