Walton, 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 Walton, Nova Scotia is currently exhibiting stable growth, with the median house price sitting at $500,000. This reflects a year-over-year increase of 3.5%, indicating a consistent upwards trend in property values. Similarly, the median apartment price has reached $300,000, with a more modest but still positive growth trend of 2.1% over the past year.
The population of Walton has been experiencing a significant rise, with an increase of 7.1%. This population growth is likely contributing to increased demand for housing in the area, which in turn may be partially responsible for the observed appreciation in property values.
Investment Opportunities and Potential
The current trends suggest that Walton offers promising investment opportunities. The steady growth in house and apartment prices indicates a healthy market where investments may continue to appreciate. The robust population increase serves as an indicator of potential rental demand, making Walton an attractive location for investors looking to enter the rental market or expand their portfolio.
Given the current median prices, investors might find more accessible entry points into the real estate market through apartments rather than houses. However, houses may offer greater long-term capital gains due to their higher year-over-year price increase. Investors should consider these dynamics when determining their strategy for entering the Walton real estate market.
Future Market Outlook
Looking ahead, there is reason to be optimistic about the future of Walton’s real estate market. Should current trends persist—namely the steady population growth and sustained increases in property values—both residential and rental markets are expected to remain robust. The ongoing development and community investment could further bolster market confidence and drive demand.
It’s important for potential investors to keep an eye on local economic factors and development projects that could impact the market. Proactive monitoring will enable investors to make informed decisions and capitalize on emerging opportunities within this growing market.
