Tatamagouche, 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
1. Current Market Conditions and Trends
The real estate market in Tatamagouche, Nova Scotia, is currently experiencing a period of steady growth. With a median house price sitting at $500,000, the market has seen a respectable year-over-year increase of 3.5%. This indicates a healthy demand for housing in the area, likely spurred by the attractive lifestyle options and natural beauty of the region.
Similarly, the market for apartments is also on an upward trajectory with a median apartment price of $300,000 and an annual growth rate of 2.1%. This slower growth rate compared to houses suggests that while there is interest in apartment living, single-family homes may be more sought after in this community.
The population of Tatamagouche stands at 15,000 residents, with an impressive growth rate of 7.1%. This population surge is indicative of both local economic vitality and the area’s increasing popularity as a destination for new residents seeking quality of life and employment opportunities.
2. Investment Opportunities and Potential
Tatamagouche presents several enticing investment opportunities for real estate investors and homebuyers alike. The steady increase in property values implies that investments made now could yield considerable returns as market trends continue upward. The robust population growth further supports the potential for rental properties to meet the demand from newcomers who may not be looking to purchase immediately upon relocating.
For those interested in investing in residential properties, single-family homes represent a more dynamic sector based on their higher growth rate. However, apartments should not be overlooked as they offer a more affordable entry point into the market and cater to individuals or small families who prefer lower-maintenance living or are not yet ready to commit to homeownership.
3. Future Market Outlook
The future of Tatamagouche’s real estate market looks promising given current trends and demographic indicators. Assuming consistent economic conditions and continued appeal to both retirees and working professionals, we can anticipate ongoing growth in property values and sustained demand for housing.
The 7.1% population increase positions Tatamagouche as an emerging hub within Nova Scotia, which could lead to greater infrastructure development and increased services that will attract further population inflows. As such, strategic investments made today are poised to benefit from long-term appreciation tied to the region’s prosperity.
To summarize, with careful consideration given to location-specific factors such as community development plans and economic initiatives, investors can capitalize on Tatamagouche’s growing real estate market while contributing positively to the local housing landscape.
