Tidnish, 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 | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Tidnish, Nova Scotia is currently experiencing steady growth. With a median house price of $485,000 and a year-over-year increase of 2.8%, the market is showing healthy appreciation. This suggests a stable demand for housing in the area. Similarly, the median apartment price has also seen an increase, reaching $295,000 with a 2% growth over the past year. The population of Tidnish stands at 15,200 and has been growing at a rate of 2.7%, which may contribute to continued demand in the housing market.
Investment Opportunities and Potential
The data indicates that Tidnish holds promising investment opportunities for both residential properties and rental units. The consistent growth in property values points to a solid investment potential for those looking to purchase real estate in the area. Furthermore, the steady population increase could lead to higher demand for rental properties, making multi-unit dwellings and apartments attractive investment options. Investors should consider the current trends and demographic dynamics when evaluating potential investments in Tidnish.
Future Market Outlook
The future outlook for the Tidnish real estate market appears optimistic. If current trends persist, investors and homeowners can expect ongoing appreciation in property values. The sustained population growth suggests that there will be a continuous need for housing, supporting both the resale market and rental sector. However, potential investors should monitor local economic conditions and any policy changes that could impact the real estate market’s trajectory.
