Telford, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.3% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Telford, Nova Scotia, is currently exhibiting a steady growth pattern. The median house price in the region stands at $485,000, reflecting a year-over-year increase of 2.8%. This increment is indicative of a stable and growing housing market. Similarly, the median apartment price has risen to $295,000 with a slightly lower growth rate of 2.5% over the same period.
The consistent growth in property values is occurring alongside a healthy population increase of 3.3%, suggesting that Telford is experiencing a positive economic momentum that is likely attracting new residents and investment into the area.
Investment Opportunities and Potential
With both the housing and apartment markets showing upward trends in pricing, Telford presents promising investment opportunities for real estate investors. The moderate yet steady price increases suggest that investments made now could potentially yield respectable returns as the market continues to grow. Moreover, the ongoing population growth not only drives housing demand but also enhances the potential for rental properties to maintain low vacancy rates.
Investors might consider exploring not just direct property acquisitions but also the development of new residential units or refurbishing existing ones to take advantage of the burgeoning demand. Furthermore, with an expanding populace, there may be opportunities in commercial real estate to serve the growing community’s needs.
Future Market Outlook
The future outlook for Telford’s real estate market remains optimistic based on current trends and demographic shifts. Anticipating further population growth coupled with sustained economic stability in Nova Scotia, it can be projected that both housing demand and property values will continue their upward trajectory.
This bullish outlook is tempered by the need to monitor external economic factors that could impact interest rates and affordability. However, considering all known variables at this time, Telford appears well-positioned for ongoing real estate market resilience and growth, making it an attractive locale for both homebuyers and investors alike.
