Waterville, 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
In Waterville, Nova Scotia, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, reflecting a 3.5% increase year-over-year. This consistent upward trend suggests a healthy demand for detached homes in the area. Meanwhile, apartments are slightly more affordable with a median price of $300,000 and witnessing a slower growth rate of 2.1% annually. The population of Waterville has reached 15,000 residents and has seen a significant surge in growth at 7.1%. This demographic expansion is likely contributing to the demand in housing and could be an indicator of continued market vibrancy.
Investment Opportunities and Potential
Investment opportunities within Waterville’s real estate market appear promising due to the stable growth in property values. Single-family homes are particularly attractive given their higher appreciation rate. With a year-over-year increase of 3.5%, investing in residential properties could yield substantial returns for investors over time. Apartments offer a more accessible entry point into the market at $300,000 and may appeal to investors seeking rental income opportunities amidst the growing population.
The demographic growth also opens avenues for investment in new development projects that cater to the increasing housing demand. Furthermore, with a substantial population increase, there could be potential for investments beyond residential real estate, such as commercial spaces to serve the expanding community.
Future Market Outlook
The future outlook for Waterville’s real estate market appears optimistic. The solid year-over-year growth in property values indicates a sustainable upward trajectory. The considerable population growth rate suggests that this trend is likely to continue as demand for housing persists or even accelerates.
Assuming the current economic conditions remain stable and no major policy changes are introduced that significantly impact the housing market, investors can maintain a positive outlook on their investments in Waterville. Continued monitoring of economic indicators and staying informed on local developments will be key in maximizing investment potential and navigating future market fluctuations.
