Timberlea, 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 Timberlea, Nova Scotia, is exhibiting a healthy growth trajectory. The median house price in the region stands at $500,000, with a year-over-year appreciation of 3.5%. This indicates a steady demand for housing amidst a growing economy. Similarly, the median apartment price is currently $300,000, which has risen by 2.1% from the previous year. These trends suggest a balanced market that is accessible to both homeowners and investors.
The population of Timberlea has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This expansion is a key driver for the ongoing demand for real estate in the area. As more people choose Timberlea as their home, the demand for housing options ranging from single-family homes to apartments is expected to continue.
Investment Opportunities and Potential
The current growth patterns in Timberlea present several investment opportunities. A stable increase in property values indicates that early investments could yield significant returns as market conditions continue to improve. The consistent rise in median prices for both houses and apartments reflects a sustainable growth trend that can be attractive for long-term investors.
Moreover, the robust population increase elevates the potential for rental properties to generate steady income streams. Investors considering new construction or renovation projects may find fertile ground in Timberlea, especially given the community’s growing demand for modern living spaces.
Future Market Outlook
The future market outlook for Timberlea remains optimistic. The combination of strong population growth and consistent property value increases points towards ongoing strength in the real estate sector. If these trends persist, it’s reasonable to project further enhancements of property values and investment returns over time.
In addition to residential growth, any future infrastructure developments or enhancements in local amenities will likely contribute positively to property valuations. Prospective investors should monitor these factors closely as they can significantly impact future market dynamics.
In conclusion, Timberlea’s real estate market appears poised for continued growth and offers attractive opportunities for a range of investors. Staying informed on local developments will be crucial to making well-founded investment decisions in this vibrant Nova Scotian community.
