Trenton, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| 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 | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| 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 Trenton, Nova Scotia is currently experiencing a steady growth in property values. The median house price in the area is pegged at $485,000, which marks a year-over-year increase of 3.2%. This suggests a healthy demand for residential properties and a robust housing market. Similarly, the median apartment price has seen an upward trend with current figures standing at $295,000, reflecting a 2.5% year-over-year increase.
With a population of 15,000 that has grown by 3.4%, there is an ongoing demand for housing to accommodate this growing community. This population growth can be attributed to factors such as migration, natural population growth, and the attraction of Trenton as a residential destination due to its economic opportunities and quality of life.
Investment Opportunities and Potential
The consistent rise in property values indicates that Trenton offers promising investment opportunities. The steady population growth coupled with the increasing property prices suggest that there is potential for both short-term gains through property flipping and long-term wealth accumulation through rental income or property appreciation.
Apartments seem particularly attractive for investors looking to enter the rental market or expand their portfolio, given their lower median price point and positive price trend. Investors should also consider diversifying into commercial real estate or land developments to cater to the growing population’s needs for services and amenities.
Future Market Outlook
The future real estate market in Trenton appears optimistic based on current trends and demographic indicators. If the population continues to grow at its current pace or higher, it can be expected that demand for housing will sustain or even increase. This will likely continue to put upward pressure on both house and apartment prices.
However, investors should remain cognizant of external economic factors such as interest rate changes, employment rates in the region, and broader provincial or national economic trends which could influence the local real estate market dynamics.
In conclusion, with careful consideration of market conditions and due diligence on specific investments, Trenton offers a favorable environment for real estate investment with potential for both capital gains and income generation.
