Tiverton, 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 in Tiverton, Nova Scotia
The real estate market in Tiverton, Nova Scotia, is currently characterized by steady growth. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. This indicates a stable demand for housing and a healthy economic backdrop that supports such growth. Similarly, the median apartment price stands at $300,000 and has seen a more modest increase of 2.1% year-over-year.
A contributing factor to these conditions may be the robust population growth observed in the area. Tiverton’s population has grown by 7.1%, suggesting an influx of new residents and potential homebuyers. This demographic change can lead to increased demand for housing, both for purchase and rent, thereby influencing market trends positively.
Investment Opportunities and Potential in Tiverton
For investors looking at Tiverton’s real estate landscape, several opportunities present themselves. The consistent year-over-year growth in property values suggests that investments made now could yield favorable returns as this upward trend continues. Given the population growth rate, there is likely sustained long-term demand for housing which could make real estate investments particularly attractive.
Investors might consider targeting single-family homes due to their higher appreciation rate compared to apartments. However, apartments should not be overlooked given their lower entry price and the growing need for rental properties among smaller households or individuals moving to Tiverton for employment or retirement.
Future Market Outlook for Tiverton Real Estate
The future market outlook for Tiverton appears positive. Given the current trends and underlying demographic shifts, it is reasonable to anticipate continued demand and further property value appreciation. The sustained population growth acts as a catalyst for new development projects and may also prompt improvements in local infrastructure and amenities, which in turn could enhance property values further.
Cautious optimism is advisable due to external economic factors that can impact local markets; however, barring unforeseen circumstances, Tiverton’s real estate market has strong fundamentals that indicate a promising future for both homeowners and investors alike.
In conclusion, with thoughtful planning and consideration of broader economic signals, stakeholders can look forward to participating in a growing market with sound investment potential.
