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
1. Current Market Conditions and Trends
In Waterville, Nova Scotia, the real estate market is currently experiencing a steady growth in property values. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing signs of healthy demand and moderate price inflation. This trend is slightly lower for apartments, which have a median price of $300,000 and are seeing a year-over-year increase of 2.1%. The relatively lower appreciation rate for apartments may indicate a stronger demand for detached homes in this community.
The population of Waterville has grown to 15,000 residents, reflecting a substantial growth rate of 7.1%. This demographic expansion underpins the increasing demand for housing in the area and suggests that the current upward trajectory in property values is supported by genuine growth in the local housing market’s fundamentals.
2. Investment Opportunities and Potential
The investment potential in Waterville appears promising due to consistent property value appreciation and significant population growth. Investors looking to capitalize on the rising demand for housing may find opportunities in both the single-family home market and multi-unit residential buildings such as apartments.
Given that median house prices are growing at a faster pace than apartment prices, investors might look towards purchasing properties with potential for renovation and resale to capture higher returns. Alternatively, with an expanding population and continuous need for more affordable housing solutions, investment in apartment buildings could provide stable rental income streams and potential long-term capital gains.
3. Future Market Outlook
Looking ahead, Waterville’s real estate market is poised to maintain its positive momentum based on current trends and underlying demographic factors. As long as the local economy continues to attract new residents and supports job creation, demand for housing should remain robust.
However, investors must keep an eye on various external factors such as interest rates, government housing policies, and broader economic conditions which can impact buyer affordability and influence market dynamics.
Overall, assuming that the regional economy remains stable or grows, Waterville’s real estate market has the foundation to sustain its current growth trend into the foreseeable future. Investors considering entering this market should conduct thorough due diligence to align their strategy with long-term demographic and economic shifts unique to this area.
