Walden, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| 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 | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Walden, Nova Scotia, the real estate market is currently experiencing a steady growth in property values. The median house price stands at $495,000, reflecting a year-over-year increase of 3.2%. This suggests a stable and growing housing market that aligns with the general nationwide trend of rising property prices. Similarly, the median apartment price has reached $295,000 with a slower appreciation rate of 2.5% year-over-year. This difference in growth rates between houses and apartments may indicate a more significant demand for single-family homes.
The population of Walden has risen to 15,200 residents, marking a robust growth rate of 4.83%. Such demographic changes often signal an increasing demand for housing which can put upward pressure on real estate prices over time. The current trends point towards a healthy market that is attracting homeowner-occupiers and investors alike.
Investment Opportunities and Potential
Given the steady increase in property values and significant population growth in Walden, there are several notable investment opportunities for both residential properties and rental apartments. The consistent rise in housing prices indicates potential for capital gains for those investing in residential real estate.
Apartments, with their lower median price point and slightly slower appreciation rate, present an attractive entry point for investors looking to capitalize on rental income given the population influx. With the population growth outpacing the national average, demand for rental properties is likely to remain strong, potentially leading to low vacancy rates and stable rental yields.
Furthermore, the sustained growth in property values provides investors with confidence in the long-term viability of their real estate investments in Walden. Investors should consider diversifying their portfolio across different types of properties to mitigate risks and maximize potential returns.
Future Market Outlook
The future market outlook for Walden’s real estate sector remains optimistic due to ongoing population growth and economic stability within the region. As more people move to Walden, demand for housing is expected to continue, which could further drive property prices upward if the supply does not keep pace with demand.
The moderately paced increase in house and apartment prices also suggests that there is room for sustainable growth without immediate concern for overheating or a real estate bubble. Investors and homebuyers can view this as a positive sign that the market may offer both stability and continued opportunity for appreciation over time.
In conclusion, careful monitoring of market developments and demographic trends will be crucial for anyone looking to participate in Walden’s real estate market. While current indicators are favorable, it remains essential to approach any investment with due diligence and an eye towards future changes that could impact market dynamics.
