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 experiencing a steady growth pattern. With a median house price of $500,000, the year-over-year increase of 3.5% indicates a healthy demand for residential properties. Similarly, the apartment sector shows resilience with a median price of $300,000 and a growth trend of 2.1% year-over-year. This suggests a balanced market that is growing at a sustainable pace.
The population of Walton has reached 15,000 residents, with an impressive growth rate of 7.1%. This demographic expansion is likely fueling the housing demand, contributing to the positive trends observed across the real estate spectrum.
Investment Opportunities and Potential
The current upward trajectory in property values presents lucrative investment opportunities in Walton. For investors targeting long-term capital appreciation, single-family homes are particularly attractive due to their higher year-over-year price increase compared to apartments. The robust population growth further supports the potential for rental investments as more people may be seeking housing options while they transition into homeownership or prefer the flexibility of renting.
Apartments offer an accessible entry point into the real estate market for both investors and first-time homebuyers, given their lower median price point. The steady increase in apartment prices also suggests that this segment may continue to offer stable returns on investment.
Future Market Outlook
The future market outlook for Walton’s real estate remains optimistic. The sustained population growth implies a continued demand for housing which should prop up property values over time. Assuming economic conditions remain favorable and no significant external shocks affect the market, we can expect both the house and apartment segments to maintain their growth trajectories.
Careful monitoring of interest rates and employment trends will be essential as they are key factors that could influence buyer affordability and overall market health. However, current indicators suggest that Walton’s real estate market will remain an attractive area for both homebuyers and investors in the foreseeable future.
