Tarbotvale, 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 Tarbotvale, Nova Scotia, is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a stable market with consistent demand for housing. Similarly, the median apartment price has reached $300,000, following a more modest year-over-year growth of 2.1%. The population of Tarbotvale has grown to 15,000 residents, marking a significant increase of 7.1%. This influx is indicative of Tarbotvale’s attractiveness to new residents and may be a contributing factor to the healthy property value appreciation.
Investment Opportunities and Potential
The positive trends in property value appreciation point towards fruitful investment opportunities within Tarbotvale’s real estate market. The steady growth in median house prices suggests that investing in residential properties could potentially yield substantial returns. Furthermore, the moderate increase in apartment prices alongside the robust population growth implies a rising demand for rental properties. Investors should consider both long-term property appreciation and the potential for rental income when evaluating the local market’s prospects.
Future Market Outlook
Looking forward to the future market outlook for Tarbotvale, the current trends and data present an optimistic scenario. The continuous population growth will likely drive further demand for housing, both in ownership and rental markets. If these demographic trends persist, we can anticipate ongoing upward pressure on both house and apartment prices. However, investors should remain vigilant about external economic factors that could affect interest rates and borrowing costs, which in turn may influence buyer activity and market dynamics.
