Walden, 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 Walden, Nova Scotia, presents a stable and growing environment as evidenced by the steady increase in property values. The median house price is currently situated at $500,000, reflecting a growth rate of 3.5% year-over-year. This consistent appreciation indicates a healthy demand for housing in the area.
Similarly, the apartment sector shows moderate growth with the median apartment price at $300,000, rising at a slower pace of 2.1% year-over-year. The variation in growth rates between houses and apartments may suggest different levels of demand or changes in market preferences.
Walden is experiencing substantial population growth, currently at 7.1%, which may contribute to the increased demand for housing and subsequently impact price trends positively. A growing population often signifies economic vitality and can be a precursor to further development and investment in the region.
Investment Opportunities and Potential
The current growth trajectory suggests that Walden offers promising investment opportunities, especially within the residential housing market. Investors could potentially benefit from the continuous appreciation in house prices driven by both demand factors—stemming from population growth—and limited supply dynamics.
The apartment market, while growing at a slower pace, still presents potential for investment given its lower entry cost when compared to houses. Rental properties could be an attractive option for investors looking to service the increasing population or those unable to enter the more expensive single-family home market.
The diversity of property types combined with overall market stability makes Walden an attractive location for both first-time buyers and seasoned investors seeking long-term capital gains or rental income streams.
Future Market Outlook
The future real estate market outlook for Walden remains optimistic due to several indicators. The sustained population growth rate suggests continued demand for housing which could maintain or potentially accelerate current price appreciation trends. With no immediate signs of economic downturns or adverse regulatory changes, the market appears poised for ongoing expansion.
However, it is important for investors and potential homeowners to monitor local economic developments, interest rates, and construction activity as these factors can significantly influence market dynamics. Anticipating an increase in housing supply to meet demand could temper price growth; conversely, constraints on development or increases in migration to Walden could amplify current trends.
Maintaining a balanced view of these elements will be crucial for stakeholders planning to engage with the Walden real estate market over the coming years.
