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
As of the latest market data, Tarbotvale, Nova Scotia is experiencing steady growth in real estate values. The median house price sits at $500,000, showing a healthy year-over-year increase of 3.5%. Similarly, apartment prices are also on an upward trajectory with a median value of $300,000 and a rise of 2.1% from the previous year.
The population growth rate is significant at 7.1%, which is substantially higher than the national average. This demographic trend is contributing to increased demand for housing in Tarbotvale, applying upward pressure on both rental and purchase markets.
Investment Opportunities and Potential
Given the current market conditions, Tarbotvale presents several promising opportunities for real estate investors. The consistent growth in property values indicates a stable investment climate, with single-family homes offering potentially higher capital gains due to their more pronounced appreciation trend.
Apartments also present an attractive investment opportunity, particularly for those looking to enter the market at a lower price point or aiming for rental income. With the ongoing population influx, rental demand is likely to remain strong, supporting investor yields.
Furthermore, new development projects could be highly beneficial as they would cater to the growing population’s needs for housing and could drive further economic activity in the region.
Future Market Outlook
The future real estate market outlook for Tarbotvale remains optimistic. Population growth is a key driver of long-term sustainability in real estate markets and Tarbotvale’s robust increase suggests continued demand for housing.
If current trends persist, investors can reasonably expect further appreciation in property values. However, it’s important to monitor local economic factors and any changes in migration patterns that could affect these projections.
Overall, considering the current market data and trends, Tarbotvale’s real estate market appears poised for ongoing growth and remains an attractive option for both residential purchasers and real estate investors alike.
